Viemed Stock Price:Viemed stock price has been irrational for many reasons but deseves to be much higher:
Revenue has gone up every quarter and yearly.
Management got ahead of themselves with there estimates being a drop short, which upset a lot of shareholders, who expected the company stock to go straight up. They were still up quarter over quarter by a huge margin. People just got greedy and wanted 40% quarter over quarter returns.
We built a whole new base of buyers over the five, and six dollar US price. 7 to 8.5 Canadian. It is in stronger hands.
At the end of 2018 they had about 293 employees. At the end of 2019 they had 418 employees. Today they have 469 as of there April report. That means they hired over 50 people in the first 90 days of 2020. They are posting for lots of jobs, all over the country. When a company grows this fast revenue will rise, but sometimes it could take a while for the earnings to follow. Some of the newly hired people don't go right to the bottom line of income for a few months. There is some training involved. This is not an issue, I am just putting that out there. When a company is growing this quickly, and they keep on hiring people, they are investing in the future.This is a good business model. It is obvious that they are expanding into every state to make this a Billion Dollar company.
There first quarter revenue will be higher, but lets hope they don't miss by guidance by $100,000 I don't think they will.
Competitive bidding is not an issue anymore, for the next few years.
There business model is the best, with no buildings to keep overhead high. They are getting into other areas like Oxygen.
The stock price is less that what it was a year ago, even though the company is more profitable, and growing more. The stock price should be much higher. In the past year because of its growing size, and investment in technology they took away a lot of the risk.
The VA is listening to them more.
They made inroads in New York and LA because of the Corona Virus.
It is cheaper to have people at in home care than in hospitals. The government is realizing it also free's up hospitals. When people go to hospitals it can also get them more sick.
These are just my thoughts.