To: Graham Osborn who wrote (57856 ) 8/22/2016 6:41:32 PM From: E_K_S Respond to It was not me w/ QHR.V but it looks like these folks are in a similar business as QSII (they also do medical records).Loblaw Enters into Agreement to Purchase Canadian Healthcare Technology Company, QHR With more than 2,400 independent and corporate-owned grocery stores and pharmacies, Loblaw is a Canadian retail leader, dedicated to advancing the health and wellness of Canadians. Its company purpose – Live Life Well – is supported by its 5,000 healthcare professionals, including pharmacists, opticians, dietitians, and nurses, offering a range of services like prescriptions, med checks, flu shots, minor-ailment diagnoses, and nutrition consultations. Each week, 17 million Canadians interact with Loblaw in stores or online. ----------------------------------------------------- The first thing I noticed is long-term debt pretty low w/ 1.3x annual net income = LT debt. I still like the sector but I sold 80% of my QSII position early last month as the new CEO was just not getting their migration to the cloud as fast as I would like (and as they first stated). I will re-visit QSII in two quarters and may pick up some shares. Their shares are at a multi year low, losing money no earnings and have picked up a fair amount of debt ($88mln) once the new CEO started. Those are two strikes against that new CEO plus he was a fast talker on the 'CC', so I sold the next day . FWIW, I generally will wait it out, but over 30 years experience in this new 'internet era', I now sell first. This is especially true w/ intangible assets (proprietary software) and a GARP stock. Many times w/ a deep discount value stock, you can wait it out if you really believe BV and the way they value those assets. (Note: many BDC's trade below their NAV because their loan book is not liquid and they value it's worth too high). EKS
