re: waiting for $3.30 ... Waiting for that $3.30 entry is like waiting for it to snow at christmas time in Cairns - it just ain't gonna happen.
Recent price action has shown renewed strength with this stock trading at around the $3.70 level.
And guess what? There is more and more information being leaked out to the investment community and the general public about the long term growth ahead in the aged care / health sector.
I notice that Huntley ( in his YMW newletter that hit sunscribers' e-mail in boxes on Friday 10/6/05) ran a special on the aged care sector and the opportunities it affords. RHC is his 'top pick' in the sector and DVC with an 'accumulate' recommendation is not far behind.
The fragmented aged care sector is ripe for further consolidation and DVC has positioned itself for a dream inside run.
It's takeover of MIA has made it Australia's leading diagnostic imaging company with an ever increasing cash flow from that source. Growth in the UK market (in that industry) looks set to expand expotentially. DVC can afford to fund further bolt on acquisitions in the aged care sector where there will be real growth ahead in the years to come.
Where to DVC? Soon it will be hello to the $3.80's for the s/p ... then it will be knocking on the door of $4.00.
DVC at $3.30? Nah .... don't think so ... that 'horse' has well and truly bolted from the stable.
Instos. like it because of its defensive cash flow characteristics. It will be a cash cow even if the economic cycle does turn bearish.
Makes sense to hold some of these imo.
(I hold both DVC & RHC in the Heathcare sector for L/T growth)
DVC
dca group limited
re: waiting for $3.30 ... Waiting for that $3.30 entry is like...
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