Sigma is too important for the oz population to fail. It distributes to app 4000 pharmacies & that alone makes a very important case for govt to step in for support if the business was in trouble. Already a large number of pharmacies are complaining about the delay in products from Pfizer. If this continues there are chances Pfizer will be forced to allow distribution of it's govt backed products.
The question is not if sigma will fail. The question is how long will it take to rise, by how much, whether they consolidate or get taken over. Being a long term holder, I now see the road ahead as opportune, clearer vision of the books make for many positive conclusions.
Buying in now reduces average cost. The best part of being involved in a share that has blue skies ahead means I can focus on other opportunities like sigma was last year, all bad news filled with uncertainty in an org that cannot fail. Good on orbis and us for trading an unpopular share.
SIP Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
