RE:RE:PTQ v VMDRe: PTQ/VMD: Yes, the 2 companies are managed quite differently with VMD weighted to vents, sleep assist and acute patient care, -larger margins but more turnover. PTQ is much more into total care, less client turnover, but with lower margins and growth.
But what you say about there being similarities between the 2 brenski99
is correct. Most of the primary investors, (before the split), still have positions in each, -for the most part along the lines of the original split. That describes me.
Importantly, Beacon has a large stake in both. They jostle that stake between the 2, depending on the news. The Beacon money sunk into them would be insulated from their other investments by use of accounting firewalls peculiar to the investment business but tried and proven models. So any fine tuning of Beacon’s PTQ/VMD investments would largely depend upon juggling that segregated money from one to the other. Like today for example. VMD down and PTQ up.
But the similarities lead to “a point mass attraction" between the 2 companies even though their businesses are quite different. They still retain a vestige of that 10:1 split and there is a spread attraction between the 2 that goes “in and out of phase” based on that ratio.
Could that observation benefit us in any way? It’s tempting, based on today’s news, to say that the spread between the 2 might widen in PTQ’s favor; but we must recognize that both companies are right in the demand zone and both are “tight,” -for want of a better adjective. It’s conceivable that both could rise in tandem.
There are other possibilities I suppose, but none so compelling as those mentioned.