I suspect the market is pricing in first mover advantage in China with the MIGS iTrack. Its actually a very big deal what they have pulled off and the Chinese market will be the biggest in the world in a few years.
ELX has a very diverse product range in a growing market with competitive advantage in China and the wild card 2RT thrown in as a sweetener for investors. Its now a real success story , about the only one in Adelaide right now I suspect!
This is as good as it gets for an investor in the health sector.
I sold off 10% of my holding when it was hitting 160 but will sit on the rest for a few years unless something untoward happens
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3 | 164670 | 0.215 |
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