HSO 0.00% $2.46 healthscope limited.

Now, that we've looked at the market behaviour - let's look at...

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    Now, that we've looked at the market behaviour - let's look at key fundamental issues with HSO - no free cashflow, a forward PE of 18:1, PEG of 17:1! Note - 17:1, not 1.7:1 - seventeen to one.

    Balance sheet - About $1.6 billion in debt (and growing) against $2.2billion in revenues in a hyper-low interest rate environment. Sales declining 9% year on year. 3.5% dividend paid by borrowing more money - seriously they're paying dividends even though the cash flow situation is getting worse.

    The belief here is that the new Gold Coast hospital will turn all of this around. And it may, but there are headwinds - like a new CEO with no health experience.

    So yeah, HSO is on my watch list - but it isn't a buy yet.
 
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Currently unlisted public company.

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