What Does Healthscope Ltd Do?
Newly relisted Healthscope Ltd [ASX:HSO] primarily operates hospitals, as well as international and local pathology businesses. The private hospital industry is a strong sector, underpinned by an ageing population and continuing strong levels of private health insurance. And its international pathology division continued its recent track record of delivering double digit revenue and earnings growth.
The company has plans for further expansion into Southeast Asia in this area. That’s the story, but what’s the chart telling you?
What Does the Chart Look Like?
When researching a stock, I always find it helpful to bring up a chart. Here’s the daily chart of HSO:
HSO released their half yearly report and accounts last week, on the 24th of Feb. The results were largely positive, with revenues up. Note, though, how it reacted to the news from a week ago.
Are HSO shares a buy?
The news released last week was positive and the share price has continued to run without pausing for breath. This is bullish. One could expect any subsequent further announcement to the market to be positive. I think you’re seeing this now if you have read any of my previous posts. You certainly would, of course, if you have the ability to read a chart.
If by chance you are unable to read a chart, then you continue to remain at a substantial investment disadvantage. You should go here to find out how.
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