MPL 0.28% $3.59 medibank private limited

valuation is ridiculous..., page-34

  1. 6,854 Posts.
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    Cannot disagree with your analysis.
    This is a financial services company, not many in that sector have such a lofty p/e.
    Sovereign risk is huge.
    Why would any government allow it the increases in profit margins that its p/e imply?
    There are also risks to the business model in changes to the private health rebate[especially with regards to ancilliary cover].
    A wholesale change to a USA type system might produce the profits needed to justify the price, but look how well a few baby steps towards that went politically.

    Throw in technological advances favouring churning of customers, relatively low barriers to entry, and I have to ask myself , is the accumulated profit[dividends with capital growth] really going to be double the banks and telstra over the next decade?
 
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