Ex I had looked at Paragon ad nauseum over the years but always...

Ex

I had looked at Paragon ad nauseum over the years but always shied away because of the many acquisitions and as certain as night follows day they screwed up the integrations of operations and back office systems.

The health space is a great sector and if Paragon has finally got its act together you might be on a winner. I will stand out of this one just on the basis I do not need any more new risk at this stage.

Just be careful of the items used in the add backs to get to normalised profit. In this business obsolete stock write offs should be in normal profit. Inventory management should be a core competency especially where inventory has use by dates. I would expect obsolete inventory charges every year as it is a normal part of a health business.

Cheers…..D