Labor is promising to fix aged care with a $2.5B package. If they take government it could mean a 25% wage rise for aged care workers, a nurse in every centre, etc. This must increase costs to Estia and other business, which presumably will be passed on to customers. It appears tax payers will fund the 2.5B and then pay again with higher fees to access services.
Thoughts on Labor's budget speech?
Disclosure. I was a long time holder of Estia. I sold late last year and took profits and looking to buy back in.
EHE Price at posting:
$2.27 Sentiment: Buy Disclosure: Not Held
