RE:RE:Acumen That's a good point Colourama. I think they should simply focus on their current operations and pay down debt as long as interest rates remain elevated. The interest expense is now reducing its profitability which is now almost $412k
per quarter. If they pay down their debt, they could add almost ~ $1.6m to earnings before taxes. This is very attractive considering their market cap is only about 10 times this number.
If there is a shortage in nurses, then agencies will have to offer them higher wages to incentivize them to work. They could also charge more for their services which would offset these higher wages unless they impose a cap rate. In any case, I do like the idea of growing organically during this time period but the shortages in nurses makes it almost impossible to do.
I have to look into this, but I'm not sure if Ontario faces the same challenges as Quebec do when it comes to hiring nurses. Ontario gets a lot of immigration which could help fill in these positions.