RE:Presidents Message - Q4 ‘22
Regarding their core Quebec business, it is nice to read that "We are currently experiencing a return to normal on the volume of hours with various establishments of the province..."
In addition, I like that "Solutions Nursing has experienced a record level of registration for its extended role training program over the last quarters and this trend is not showing any signs of slowing down."
And for their CHCA division, "As part of its integration process, the agency is also going through a rebranding exercise to better capitalize on the quality of personnel and service developed over the years. This includes rolling out a new web site, an increased presence on digital media platforms as well as an increase in recruiting activities. So far, the short-term impact has been to boost demand for training to the highest level since the creation of the agency over 20 years ago."
This, along with the fairly active NCIB (I think approaching 500k+ shares now) suggests that their Q1, which is almost over, will be quite strong.
I am happy with the Q4 results, and the forward-looking trajectory for the coming year. Sadly, no such enthusiasm for the stock yet!