I dodged a bullet with EBOS...Bought at 8.45 and 9.05. Thought I was doing well when I sold at 13.53......ended up buying back in at 13.54 ! Fortunately not to much damage done and a lesson well learnt.
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Highlights of the comments from a recent review on an Australian value investor website I subscribe to are:
* good track record of acquisitions
* profit growth of 5% or more if margins remain stable
* risks seen as Australian government spending and if manufactures were to cut out the wholesaler
* valuation doesn't look demanding but healthcare part of the business looks ripe for deregulation or disruption.
Happy holder from $8 ish.
New high of $24 today. Onward and upward!
:)
Yes, there's always a few who can't resist a new peak, eh?
Will need continuing good results to justify these high prices but very hard to sell down any more of my oldest, best performing act!