Chemist Warehouse is not a real pharmacy as far as I can see, their online catalog is not much medical. But then I don't know how much GXH depends on sales of cosmetics and snake-oil for its profits either.
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Chemist Warehouse is not a real pharmacy as far as I can see, their online catalog is not much medical. But then I don't know how much GXH depends on sales of cosmetics and snake-oil for its profits either.
What do you mean by snake-oil?
The stores I went to in Australia they were a pharmacy (prescriptions and all), not sure about our one. They stock a lot of products from medicinal to health and skin care. Have always made a point of dropping by (oz store that is) and usually come out with a few things. Glad they've opened in NZ, hoping for health competition in our over-priced consumer market.
They will need to act fast if they want any chance against Chemist Warehouse. Chemist Warehouse is ruthless and knocking back the higher wages for employees as a lot of pharmacies are simply not able to keep up with the discounts offered (in Australia).
The buying up of medical practices was a clever position as there is great profit potential as it is a technical enterprise, often with many many years of patient loyalty.
I sold out over a year ago as I was concerned for their long term as their pharmacy side did not impress me anymore. Prices are often a bit high in the pharmacies, where the service is getting ever less capable. Online companies such as Iherb and places where you can buy specialised products are also growing very quickly. Super market general consumer products which pharmacies provide has also increased a lot. I really like GXH and hope that they make some evasive maneuvers to keep ahead or watch their market share shrink very fast, and shareholders returns will dwindle. Keep your loyal costumers loyal.
Being able to buy homeopathic remedies in pharmacies is odd I reckon. Then again the placebo effect is real.
https://www.pharmacytoday.co.nz/news...-products.aspx
Hi all. It’s good entry point now $1.66?
The share price appears to be still in a down trend,having fallen in the past year, from $2.50 to $1.60.
Current eps are 12.87 cents,the PE is 12.9 and the yield is 4.22%.
It would appear the arrival of Chemist Warehouse in NZ, has spooked the market.
So if you are thinking of buying,take care.
At some stage I expect Ebos will take them over,but at what price,I do not know?
You obviously like them Justin
Share price way down from the close to 3 bucks not that long ago ..... when do you think the downtrend will stop ..... 150 ... 125 ....100
Good luck anyway .....might be an inspired pick for 2018
Percy - Ebos tend to not pay over the odds do they?
Have to admire how they do a plain language set of accounts ....more companies should follow their example.