Viemed Healthcare Inc VMD

Thought Tropic sold awhile ago? Old post..what changed?

[besttobe]

So now Tropic who lost his shirt has turned cheerleader again!! Too funny.I  suspect he has no shares in this stock, as he stated he sold awhile. He just posts for attention and tries to look good when the stock bounced a bit. What a fool...

nothing has changed with VMD, since his recent scathing posts about the stock below. Bipolar?

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Tropicalsun (403)

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October 20, 2021 - 11:05 AM

55 Reads

Post# 34026875

RE:RE:RE:RE:RE:RE:Lytham Partners IR Investor Conference

LongTerm3, you have never been anything more than a cheerleader. My negative bias towards Viemed is for obvious reasons. Until this management team gets off their high and mighty azzzs and starts walking the talk, nothing will change.

You have your views, and mine are very different, so be it.  What has the 5% vent increase done for the SP? Answer: nothing. You keep referencing the new hires, what has that done for the SP? Answer: nothing.

This company has long been out of favor with the markets, any idiot can see that. Question is why?? What is being done about it?? Answer: nothing.

Up coming CC, I hope your not pinning your hopes on some sudden change. Likely same analyst's asking the same prescripted questions. I hope I am wrong.

By the way Cheerleader, I will go away when I am dammmm good and ready.

Here’s Why Richie Capital Sold its Viemed Stake

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donmayne (140) | October 20, 2021 12:29 pm

https://finance.yahoo.com/news/why-richie-capital-sold-viemed-153916956.html

Here is what Richie Capital Group has to say about Viemed Healthcare, Inc. in its Q3 2021 investor letter:

"We exited our position in Viemed Healthcare (VMD) in July after holding the stock for a little over a year. We acquired our shares at what I believed to be a post-pandemic discount. As the pandemic continued beyond our original estimates, the inability for Respiratory Technicians to visit doctors in hospitals, and patients in homes, proved to be a major headwind. Management was never able to get back to their pre-pandemic growth rates, and I did not believe it would happen soon. It is a reminder that, in a relationship business, even when your relationships are strong, there is no substitution for a face to face meeting, a handshake, or a hug to revalidate the relationship. And with a year lost, VMD was losing significant time ahead of a possible 2023 new rate announcement under the Competitive Bidding Program which could significantly impact their non-invasive ventilator business.

Another concern was their handling of executive compensation. From the beginning, I was frustrated by management’s insistence on adding back options grants to their reported Adjusted EBITDA numbers. Option grants are a real expense and should be treated as such, and so we made adjustments to our own internal numbers. Furthermore, I observed that their options compensation for executives was much higher than should be for such a small company. Management continued to grant options despite the company’s underperformance during the pandemic. I realized that as the stock continued to decline and those options lost value, management would be forced to issue even more options (diluting existing shareholders) or risk losing executives seeking greener pastures.

There are additional bullets to my exit decision, but I will leave this as it is. I am happy to put that one behind us."

RE:Here’s Why Richie Capital Sold its Viemed Stake

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Tropicalsun (403) | October 20, 2021 12:44 pm

donmayne, thank you for posting, thank you for some factual insight. So there you have it LongTerm3, a real honest perspective look at the problems with Viemed, and why this firm chose to exit their position.

This letter should be forwarded on to the company and its useless lying IR firm. What a joke, this just adds to the BS surrounding this management team. Keep on Cheerleading Boys.

Correct me if I am wrong, but I also believe TD sold their position awhile back.

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