the new bill gets passed and private agencies are eliminated in Quebec? I guess my first question would be, what's the likelihood that this law passes? My next question would be, what would happen to the share price and profitability of the company if such a scenario took place? I mean, they would be stuck with all the debt from previous acquisitions but without the cash flows from the Quebec province. That would be absolutely criminal but I'm not surprised as Canada is turning into a socialist society.
As I've said before, the elimination of these agencies will just compound the problem the healthcare industry is facing. Nurses will quit the industry altogether as you cannot force someone to take a position they recently left from.
On the plus side, the company has a solid history of acquiring companies at very cheap valuations and that will serve them well in the Ontario province.
Also, no insiders are selling which is a positive sign as well as share buybacks which reinforces my belief that the company is not worried.