Gem has better management, management is key in any business but for a roll up business you need to be able to pick the right centres, pay the right amount for them and then bolt them onto your business to maximise synergies. And from 2013 report they seem to be able to maximise the return from the centres they acquire and bolt them on straight away. From what i hear this is not the case with AFJ who i have heard are struggling a bit.
The fact that they are heavily backed by instos and able to raise equity easily whilst the stock trades on a P/E of 40 provides some what of an arbitrage situation as well.
MarkieMills where did you read that the equity was being raised at $4.60?
GEM Price at posting:
$4.76 Sentiment: Hold Disclosure: Held
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