Canaccord’s statement does not make much sense to me, anyway. If G8 is “no longer the best in class”, who exactly is then? Who has the biggest network and the highest margins?
Of course, increased supply is a negative (under the non-obvious assumption that demand remains unchanged), but more so for the low margin players, and that is not G8.
I am inclined to read the increase in supply as an indicator of expected increased future demand for childcare under the new rules (as previously discussed), hence not necessarily a bad for anyone.
IMHO & DYOR
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