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Neighbourly Pharmacy Inc T.NBLY

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.


TSX:NBLY - Post by User

Comment by Kanatainvestoron Sep 01, 2023 3:43pm
61 Views
Post# 35616676

RE:Pretty much the all-time low

RE:Pretty much the all-time lowI wouldn't sweat it, fundamentally nothing has changed since this company raised at almost $30 in the spring of 2022. Interest rates have been rising for about 2 years, and the company is still executing on issues under its control. The staff shortage is not permanent, and on its way if being resolved. Meanwhile, last Q numbers signalled great traction for the expanded scope of practice, and we can see the new management team early operational improvements yielding fruit. The real issue with NBLY is a lack of liquidity since over 50% of the shares are held by a single shareholder, as such marginal changes in the demand/supply of shares tend to swing the stock by few percentage points. I added to my position today.     


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