Medibank Prospectus Details, page-78

there are far better places to make money than this ipo, from a risk reward perspective. every investment u risk. clearly it is a lot more expensive and much worse than we expected(i.e. little or no growth, very high p/e, poor % yield). that you can't disagree with. even nani has retracted from his early hype and says its a s**t can from his top end sources.

this is not a straight health care co with strong top and bottom line growth.