Quipt Home Medical Corp T.QIPT

110 M USD!

[Invediz]

Almost the same as quipt market cap LOL so undervalued

[Tropicalsun]

Invediz, I think your numbers are a little off. I am using roughly 38 million shares @ 6 bucks a share I get 228 million Canadian, should be around 177 million US. If my math is correct?

[Carlito3211]

The loan is 110M US is his point.

[lscfa]

Using Yahoo Finance data.....     Adapthealth Quipt Quipt Market cap 2710 153 153 Debt 2220 18 110 Enterprise value

[Moemoney42]

Until this company starts trading a minimum of 100,000 shares a day there's no way anyone is making any money trading this stock.. I'm losing patience with it myself.. its too easy to manipulate the share price with anemic volume.. :-/

[Carlito3211]

Hey Moe. Dont trade it then. Buy it and hold on to it like most people are doing. Screw the penny flippers. If you had done that a few years ago you would have a different attitude. Theres a reason for small float stocks like QIPT and VMD. It screws the flippers.

[Moemoney42]

I don't.. and by the way I've been in this since the PHM days.. but the last couple years of continued downtrends, even with the company making headways leads me to look at better opportunities recently.. recently the stock seems to have managing higher lows and higher highs.. but holding more shares than what trades on some days doesn't give me solice in getting out some days without

[Carlito3211]

Well I suppose if you feel guilty about getting out and cratering the stock thats up to you. Just a matter of your investing strategy I suppose. I've held substantially large volumes of QUIPT and VMD since the PHM days and I made a killing on the inheritence of shares post consolidation of VMD after the split and still hold everything I ever bought. Never sold one share of either and I dont

[Tropicalsun]

Moemoney42, I too feel your frustration. I have been having similar conversations over on another board. You are bang on with the trading volumes on so many different stocks over the past 12 to 18 month's, and it does make it very easy to manipulate the SP. Many stocks begin the day trading up as much as 40 cents on very little volume, then close out the day up a few pennies or even down from

[Moemoney42]

I'm going to hold for now too.. these last 2 days of some upward strength and Beacon back at the trough leads me to think we could have bottomed..?? I'll wait but if I see the trend turn back down I'm outta here..! 

[HatrikSeLaine]

In my opinion, there really is no other option but to hold.   One obvinous fact is that 1.8 new shares have been added to the float from the debentures at a conversion price of $5.20.   Given the low volume since Sept 8th, those that held the debentures to the point of conversion are now still holding onto those same recently issued shares.   These are the major owners such as

[Tropicalsun]

Hatrik, I agree with your comments, except that it is an individual choice. If Moemoney wants to sell for what he thinks could be a better opportunity, who cares that is his call. I too have been in both Viemed and Quipt since the old PHM days. The pandemic has kicked all of our azzz's and now rising rates, and reccession are upon us. Hopefully healthcare is a safer place to be, look it is all

[Carlito3211]

Hey Moe. Run a quick check on the three year chart for Qipt if your the comitted long you say you are. All things considered in the last couple years its not that shabby. 

[Moemoney42]

Oh I'm still in the money with Quipt.. but I'd like to point out that I'm also heavily invested in O&G & Lithium stocks and if you want to see performance look at anyone of those over a 3 year period and you'll see why I'm not that impressed by Quipt's performance lately.. here's one of my 3 year holds for example compared to Quipt..

[Moemoney42]

And while I'm at it here is my Lithium stock I've held for more than 3 years, but 3 years is what we're comparing today.. see what I mean..

[Moemoney42]

Quipt needs to take some of that $110 million and start an NCIB similar to what VMD has done.. if their stock is getting no interest and they feel its undervalued then step up to the plate and buy it back..  1900 shares in total trade this AM in nearly an hour and 15 minutes just reinforces my thoughts about lack of liquidity..  :-/

[HatrikSeLaine]

I mentioned the NCIB a few months ago and met with some doubts as to whether it's the best use of capital.   However, I still agree that an NCIB of 5-10% of float over the year is an obvious course of action.   For example, 5% of the float is about $10 M CAD at current levels and would occur only gradually over the next 12 months due to daily purchase limits etc.  It could be an

[gibbonsj]

In times of rising interest rates taking on debt for purposes other than revenue generating acquisitions is a No-No. I have never worried about the shorting because it's always attributed to a share event such as warrants and Deb conversions. Once they have worked their way through things get back to normal.

[Tropicalsun]

I would normally agree, except that Viemed has never done an acquisition. They needed to do the NCIB, where as I believe that Quipt would be better served continuing spending on acquisitions. There is not much liquidity in many of these names.

[Moemoney42]

That's the whole problem.. lack of liquidity.. they wouldn't have to spend much to show support.. a whopping 800 shares traded on the TSX-V today is a joke.. they could throw a couple hundred thousand at the stock each week without disrupting the acquisition plans to show some faith.. although the current total trade is 7200 shares and we're down nearly 1%.. who's gonna take a

[LionGate7]

The company can do both. They can do an NCIB and also continue doing acquisitions with one or two fewer acquisitions per year to account for the NBIC. 

[gibbonsj]

A clean balance sheet, positive eps and free cash flow will get us where we want to be faster than playing games with shares. Make a plan stick to the plan work plan.

[Moemoney42]

Huh..? "playing games with shares"..?? If the company with access to the newly reported $110 million USD doesn't find its share price attractive and undervalued why should anyone else..! We've had numerous acquisitions and the market certainly doesn't seem to agree with the "plan" so far.. :-/

[Moemoney42]

Meanwhile we're up to a whopping 900 shares traded on the TSX-V so far today.. LOL..!

[Tropicalsun]

Can't dispute that statement, valid point forsure. Remind me who put out the report saying that the debenture overhang was holding Quipt back. Is that not done and over with? Why are the institutional boys not scooping up this name big time?

[Tropicalsun]

Sorry, both posters have valid comments. I was referring to Moemoney's post.

[SR71BlackBird]

The debenture overhang is just the latest excuse for this company. That's all. IMO.

[ol_griz]

It's not that the plan is bad - the market is.  Forecast of a recession is now months old.  As Belski points out, there's huge money on the sidelines, waiting for the pandemic/war fallout to shake out.  This entire class of unprofitable small and micro caps is in the doghouse until the Fed signals the economy is recovering with stable inflation. We may have a long wait for