This will be a good share to short, Chemist Warehouse is no more a growth share than Coles.
Anyone who shops at Chemist Warehouse should have spotted that they no longer discount practically their whole range all the time but only selectively in the same way as any other retailer.
IMO they have done this to increase margins prior to listing.
Without the constantly lower prices there's no reason to shop there as opposed to Priceline etc
Growth at CH will now be dependent upon population growth not through market share, in fact I expect them to struggle to not lose market share going forward.
Ann: Sigma Healthcare Proposed Merger and Equity Raise Briefing, page-19
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