Exactly, 32 mill. Think of the losses in his portfolio and we...

Exactly, 32 mill. Think of the losses in his portfolio and we shouldn't feel so bad.

Just read an interesting statement in analysis of Primary Health Care (PRY), our competition, written by research company Morningstar;

"Earnings should be relatively insulated from cuts to public health-care budgets, as the effective delivery of diagnostic services helps to constrain health-care costs by enabling early treatment of disease. The ageing population and ongoing technology innovation will also help to underpin pathology and radiology test volumes."

This is no different to CAJ imo and their share price has done much the same as us. Interestingly NAB has just become a substantial shareholder in PRY (15.01.16) so clearly someone else believes at these prices the health carers are oversold/good value.
My opinion too