appears that way
You'd think they would have cleaned everything up when they did the cap raise.
For what was once a great company (and valued c$16 a share) this must be a massive disappointment for long term shareholders.
Poor management, a bit of bad luck and a tough and deteriorating housing market and economy.... not sure we are are out of the woods just yet.
Still, once the dust settles, this could be a good long-term investment given demographics and a woeful lack of investment in the industry.
Suspect demand for quality aged care will outstrip demand for decades
PE seem to have picked over the bones of this industry as well
