The market has way over reacted to the settlement issue with the DEECD.
This is what can happen when a stock goes from market darling to the sin bin.
But for those who are prepared to look longer term, the fundamentals for this stock are great. Its a growing industry, its not cyclical, and its not susceptible to economic headwinds.
The financial effect is a one year earnings downgrade up to around 18%, but longer term its earnings stream will still grow.
VET Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held