Neighbourly Pharmacy Inc T.NBLY

Healthcare

Neighbourly Pharmacy Inc. is a Canada-based company that operates a network of community pharmacies. The Company is an owner and operator of retail pharmacies located throughout Canada under banners such as IDA/Guardian, Pharmachoice, Pharmasave and Remedy’s RX. The Company, through its subsidiaries, owns and operates a network of retail pharmacies known as Rubicon Pharmacies (Rubicon or Rubicon Pharmacies. The Company owns and operates approximately 287 locations across seven provinces and one territory, a coast-to-coast footprint that provides scale and diversification. The Company’s pharmacies provide accessible healthcare with a personal touch. The Company also owns British Columbia-based pharmacies.

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Neighbourly Pharmacy Inc > Top Pick

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Comment by Possibleidiot01on Nov 08, 2022 12:19pm

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Post# 35082372

RE:Top Pick

TOP PICK

It is the third largest pharmacy chain in Canada. Is mostly in the rural communities and has a strategy to consolidate the fragmented industry in these areas and grow the top line. It is both a defensive and a growth stock. It has new revenue sources since pharrmacies can prescribe more medications now as well as offer more services. After its IPO 18 months ago, it soared then fell back to the low $20's, close to its IPO price. Had very good results a few weeks ago. It has doubled its revenue to $830 and EBITA to $100. Has good free cash flow and increased margins. There has been significant insider buying in the past few months. A safe way to play the health care system. Buy 6, Hold 3, Sell 0 (Analysts’ price target is $29.56)

Healthcare

$23.420