RE:Viemed up to 558 Employees:In the past six months the staff increse is about 11%. (or 22% per year). Stellar indeed but it appears to fall short of what is necessary to grow revenue or earnings at a 40% or even 30% per annum.
Odd, but the last quarterly conference call had management somewhat defensive and almost embarassed about the earnings performance and phantom share expense.
During the CC, they boasted how they wanted to wait for a big deal rather than multiple small deals. The biggest deal possible is a company in the same business that can grow at 40%. Well then start investing the cash windfall in Viemed?
I have little doubt the company will be successful but will it be successful enough for shareholders or just successful enough for management to achieve their personal financial goals. They have certainly done well personally in the last few years and have no reason to change their style of self dealing. Their windfall profits of last quarter sits on the books without purpose earning 1%. If they indeed felt they could grow organically at 40 percent, those monies would be invested in share buybacks. It does seem that they prefer to keep the money to protect future personal financial goals and to engage in big talk, nothing more.
Disappointing that they do nothing to control the volatility of the share price. The volatility will continue to haunt the company in the future.