I think its safe to say this is THE definitive one.
Great stuff Sauce, I wish I had the time to spend on research like you have and wish I could add something more constructive than I totally agree with you. Its the only stock on the NZX I really like. From what I've seen with the Evelyn Page retirement village when it opened in Orewa Auckland there's evidence in the retirement industry that due to Ryman's reputation they are able to poach the really good management and staff in any area, snowball momentum effect as good staff as i'm sure you appreciate are the key element in Ryman's sucess. Shortage of really good management and staff in the retirement industry, yet another competitive advantage for Ryman ? P.S. Have I mentioned I love the stock :)
P.S. This article on Ryman just popped up in my inbox:
http://www.sharechat.co.nz/article/6...man-healthcare.