Metlifecare Ltd [MET.NZ] has been on my watchlist for yonks. I already own Ryman Healthcare Ltd [RYM.NZ] I love this sector and it is because of its very high historical revenue and profit growth and its similar future protects as the number of older people (especially those greedy economy sucking baby boomers) increases in very large numbers
Metlifecare has been somewhat of a poor cousin to Ryman over the last few years when it comes to its profit. It has had a couple of big asset writedowns over the last 2 years and that has lead to a punishing in its stock price.
A great opportunity.
That is why it makes my Stock of the Week this week (better late than never, I know it is the end of the week) that, and it will bounce back into profit when property prices recover.
The stock has hit a 52 week low of NZ$1.38 and a high of $4.60 but that is well off its all time high of nearly 9 bucks reached not that long ago (see chart above) so you can see the potential for a good long term and medium term gain even if today's closing share price is $2.06.
Buy on weakness, there should be some more for this stock come its profit reporting in November.
Good luck!
Related Share Investor reading
Stocks on My Watchlist: Metlifecare Ltd
Why did you buy that stock? [Ryman Healthcare]
Time for retirement?
Discuss Metlifecare @ Share Investor Forum
Stock of the Week Series
Fisher & Paykel Healthcare Ltd
Xero Ltd
Auckland International Airport
Sky City Entertainment Group
Burger Fuel Worldwide
Michael Hill International
Contact Energy Ltd
The Warehouse Group
Fisher & Paykel Appliances
Related Amazon Reading
Small Investor Goes to Market: A Beginner's Guide to Picking Stocks by Jim Gard
Buy new: $14.95 / Used from: $0.01
Usually ships in 24 hours
c Share Investor 2009
-