I can understand some of the selling on the back of the budget because hospitals can delay orders if they fear for their funding/uncertainty etc. However I think the issue is more imagined than real as the so called cuts to health are mostly from future years (past the 4 year budget cycle) and the money was never "real" anyway in the sense that is was never funded by government. The Libs have really just restored reality to the health budget. It seems the health budget will now just grow as it has been growing rather than ramping up. Hence I don't see it as a fundamental issue for PGC. The timing of the buy is the important question.
PGC Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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