Why buy more if existing practices are not growing.?
NZ growth of 1.7% same store with Australia facing a decline of 1.6%
That decline in same store sales is not a whole lot compared to last years -5% ( approx )
Dentistry spend is actually going up, but the number of practices are growing and they have to maintain a large piece of the pie.
Either way it seems to work.
Why buy more if existing practices are not growing.?
Gaining a stronger position in the market and growing economies of scale?
Remember - they went through pretty "interesting times" due to some quite disruptive cornerstone shareholders. I hope the board has this coming year more time to focus on growth than on defending the company from predators ...
I think their business model has merit.
Discl: small holding.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
NZ growth of 1.7% same store with Australia facing a decline of 1.6%
That decline in same store sales is not a whole lot compared to last years -5% ( approx )
Dentistry spend is actually going up, but the number of practices are growing and they have to maintain a large piece of the pie.
Either way it seems to work.
I do n't think so.
Two years of decline is far from working.
All the time rents,wages and other overheads are not declining.
Take care.
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