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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Comment by ramman1on Sep 25, 2024 7:24pm
36 Views
Post# 36241252

RE:My Analysis

RE:My AnalysisLet's all go back on this a bit.  June 3/23 , I was told to sell at $ 7.26 , as I had already sold most higher and made a good gain .Incidentally since my first foray in  the Dalson /Greene days of PHM at .15  I have never lost money on this name . SO -----  After long talks ,it was explained to me QIPT cannot make money serving 180000 clients in 26 states. --IT IS simply too thin and due to the ''hands on '' nature of doing business they are in , ''way too thin''. ---- As explained to me ,A technician will at times have to travel 90km , and 6hrs labour plus costs  to replace at $10 diaphram. The diaphram  cannot be obtained on line, and placed in service by an 80 year old client, this has to be done by a certified technician .--Simply put ,the company stretched themselves to geographicaly thin with tuck-ins.  I like the tuck -in idea, I always did, and still do , but how can you make money covering ''half the nation'' with your staff ,to just 180000 clients. ----The investigation as it is ongoing is no doubt a hinder, but REGARDLESS'', --this scenario in current form cannot make money.---Do yourselves a favour'', call down and talk to rural branch managers . --- The product is great ,the technical support is superb ,the company is well liked by clients  but the company is too thin geographically.   
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