I do have an understanding of the medical industry. Well opthalmology have one of the highest rates for some of the quickest procedures (high fee/time spent). That is why opthlamolgy as I have said before is a very competetive speciality to get into.
There is a good private insurance system in Australia and the company has always been very profitable. If they workout a better remunerative model then they are going to be looking at excellent growth rates.
I have been watching VGH through its precipitous fall and I reckon it is at a bargain price now. There are many health/hospital conglomerates out there that would have their eyes on profitable company with a few internal squabbles but the potential for great returns in a sector that is often ressistant to recessions(and opthalmology procedures are not cosmetic-they are essential procedures).
I wouldnt be surprised that someone is waiting to put forward a takeover offer priced not less than 50cents
VGH Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
