CareRx Corp T.CRRX

This has been an extremely painful investment.

[up2005]

The LTC bed count has risen, Good, the dispensing fee mandated by various provincial governments has been decreased. The move to using less profitable generic drugs has hurt our bottom line. The investment in the Kerie pill dispensing devices was a MASSIVE mistake. They can't seem to get past this $ 5.00. We are back to where we were last February. It looks positive during the summer months $ 6.20 - $ 6.80.

[Crazygirl123]

plus high turnover rate of employees. Pay so much money for overtime, especially pharmacists, unused inventory or expired drugs etc...Over 95 percent is generic drug

[MrMugsy]

Record revenues, record bed count, climbing EBITDA and positive cashflow of $12M for the last quarter. What's not to like right now ?

[SR71BlackBird]

I think the real problem here is that somebody, like an Amazon, is going to come by and jump into this industry. I think it's right for material disruption. IMO

[MrMugsy]

Yes - agreed that someone will do so one day.  Fortunately for us, right now, CRRX has scooped up the easiest targets and built a leadership role in a market too fragmented and too small to entice the large companies. Even if Amazon or Walmart wants in the Canadian game, they would need to take out Shoppers and that only gets them 8% of the market while we have over 20%. Then Amazon or