PGC 4.76% 44.0¢ paragon care limited

Well I thought that report was terrible and I was happy to be...

  1. 1,239 Posts.
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    Well I thought that report was terrible and I was happy to be out at 42 on open. Was worried it would be closer to 30 based in my reading if the numbers.

    I was keen to see the report and look through to the underlying business. But even after splitting off the under performing segments and taking a huge loss, the underlying ongoing business has, to put it lightly, gone to shite. This had such potential but clearly the acquisitions went to fast and instead of gaining economies of scale they just lost control of costs.

    Will be keeping a close eye on it, but both risky and expensive (at this price) at the moment. Not a good combo.
 
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