Joewolf. I maintain that the federal budget and the direction the current government is taking is very bad for PGC.
In my view, as shareholders we don't want a shrinking customer base with more and more money, we want a growing customer base with sufficient money to afford quality healthcare. We are not selling Ferrari's or other luxury goods.
It's in our companies best interest to have well supported private and public healthcare systems. Unfortunately our public customers just took something like a $40 billion whack.
The share price slide is turning into a bloodbath. I'm going to hold but it's hurting. If this government pushes through their reforms I'll sell out within the year.
PGC Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held
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