RE:Campbell's Commentsretiredcf wrote: Quipt Home Medical Corp (QIPT - CVE) Last purchase was $5.43, funds own, none personally and none owned by my family.
Quipt Home Medical is a U.S.-based provider of respiratory care delivered to patients in their own homes. The company is the fifth largest home medical provider operating in 26 U.S. states. The company has been growing organically and via acquisition. QIPT has strong revenue and EBITDA growth and still trades at a discount to peers. Just closing the valuation discount would produce a significant return.
TOP PICK
Quipt Home Medical(QIPT-X)
18/01/2023 at 07:00pm
Trades at significant discount of 2 multiple points to peers. Grows organically and by acquisition. CPI increase to Medicare and Medicaid has delivered price increases. No dividend. (Analysts’ price target is $14.20)
Healthcare
Bruce Campbell (2)
$7.700
Owned
This Guy is hard to figure, definetely keeps you guessing about some of his holdings. So yesterday his fund was selling stock in Qipt, not much really, but today he makes it a top pick. Kinda makes me wonder if it was a last minute toss up, as he has admitted to doing before.
At any rate I personally take him with a grain of salt, what is important going forward is changing this discounted trading multiple. How does that happen? In my view it should have happened already, at this point in time Crawford just has to keep proving to investors and the markets that Quipt is the real deal. In the mean time long term shareholders keep waiting for that day when the markets wake up and smell the coffee. This latest acquisition and a current revenue run rate of U.S. 220 million bucks should get the ball rolling at speedy pace, fingers crossed. GLTA.