Dec. 12 at 3:49 PM
$PACS Keep an eye on healthcare service provider stocks - it is NOT a "growing" industry - it's difficult to maintain profitability, particularly in specialty sectors like physical therapy - See
$ATIP (delisted) and
$USPH (with an absurdly high trailing PE of 108 - that's a tech stock number, not a low margin physical therapy business number). Additionally, the labor market for providers (PTs and PTAs) is terrible - way more jobs than providers available. No providers = less revenue and less revenue growth. An appropriately valued healthcare service stock might be something like
$SEM - the stock price is in the appropriate stratosphere for the business that it is in. This market is a weird one.
