Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team, Can I have your current view on CAJ - especially when you expect a catalyst to move the price. The market does not seem to rate this stock even on a bullish day like today. Seems like funds could be used elsewhere in the market. regards Debbie
Hi Debbie,
Diagnostic imaging business Capitol Health (CAJ) has indeed been very quiet since August, they hosted their AGM this week where they flagged a number of near-term efforts to drive further revenue growth including an additional 8 radiologists to be brought on by next quarter and adding a number of MRI machines to improve margins.
YTD Revenue was down -1.8% following strong growth last year but also its closing down unprofitable sites potentially improving margins. Also their balance sheet remains in great shape leaving room for potential for further M&A.
However while we continue to like the company some patience may be required over the short-term as no fresh news is now likely in 2022 – from an investors perspective it all comes down to goals and timeframes as to whether CAJ fits your needs, but you make a good point, if we need funds, CAJ will be a vehicle we will use.
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