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Jack Nathan Medical Corp V.JNH

Alternate Symbol(s):  JNHMF

Jack Nathan Medical Corp., operating as Jack Nathan Health, is a Canada-based healthcare network operator. Jack Nathan Health is a healthcare company that is improving access for millions of patients by co-locating physicians and ancillary medical services conveniently inside Walmart stores. Jack Nathan Health provides patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. In Canada, the Company has 80 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec and two independent locations for a total of 82 clinics. There are over 22 corporate owned and operated clinics, of which three include Rehab services and six include MedSpa services. In Mexico, the Company has over 155 corporate owned and operated clinics in Walmart locations, five clinics inside Walmart Distribution Centers servicing Walmart Associates, and one Multidisciplinary clinic.


TSXV:JNH - Post by User

Comment by blackgold14on Jun 02, 2021 8:26pm
238 Views
Post# 33316306

RE:RE:chart

RE:RE:chart In late March, I warned people and predicted the stock would decline substantially despite the protests of either a cheerleader for the stock or an uninformed idiot - take your pick.  The stock will probably continue to decline because it takes serious money to acquire clinics and the company will continue to report losses.  After a few quarters, the benefits of changing the business model which results in higher revenue growth may come to pass.  But changing the business model means more costs.  Notice that they revenues declined in the last quarter because they lose licencing revenues by acquiring clinics.  They will need more acquisitions and improvement at each clinic to reverse this trend.  I believe that the company has the potential to have a promising future but I will wait once they have demonstrated that revenues and profitability is increasing substantially.  Until then, I think the stock price will suffer as people get impatient.  We'll probably see it trade down into the 30-45 range over the next several months.  As far as the shorters, they are idiots because a major acquisition of profitable clinics or some other material transaction could change the dynamics of the company overnight - a long shot but still possible - making shorting a highly risky call.  The stock price has cratered from $2.50 in October 2020 to under $0.50 -- don't be fooled into thinking that it will return to the previous higher anytime soon.  Feel bad for the guys who bought at that level.  A lot of things need to fundamentally change before a major reversal begins.  
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