In markets like today it is nice to own stocks like PGC
The market might be falling and confidence might be at near lows, but the team at PGC are out there making sales and growing revenue
Our PGC investment is boring in respect to the share price volatility , but the business itself is growing at a very fast rate , in a relatively safe sector
Beds, medical products, new babies , steel cabinets and the 1000;s of hospital products PGC sell can only increase as the population ages
If this market keeps falling there is an argument the hospitals might need more beds again for all those jumping off bridges
Seriously the market wants companies that are in growth not in decline and I suspect the super funds that took the placement will hold and maybe even buy more and park their money in safe havens like PGC has become
Lets see if the acquisitions can take revenue towards $100 million and EBIT towards $8m .
PGC Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
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