RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RBCHmm.. this is not information because it doesn't answer why they are not good investments. Obviously, pharmacies can be poorly run. It's not obvious just yet that NBLY is particular poorly run.
Pharmacies are good investments? Remember Shoppers Drug Mart? It was acquired by Loblaws. Loblaws is any outstanding investment that I am unfortunately not a part of.
One thing about pharmacies is that they have a demographic tailwind that I like. The aging seniors will be customers for sure. People will likely just go to the nearest pharmacy. NBLY caters to rural areas.
There may be something up for sure but I think that it doesn't take much to make NBLY (low daily volume or liquidity) move a lot.
Evenkeel123 wrote: OK, I just had a talk with a pharmacist out in Western Canada who is, of course, very familiar with pharmacutical companies. He stated to me that over the years of watching them, expecially American ones, that none of them have turned out to be good investments.
There has to be a reason we don't know about for this sudden and dramatic drop. I think I will wait to find out what's going on. There are better opportunities elsewhere.
EK