Why I’m Shopping for VieMed Healthcare on the Dip




VieMed Healthcare (TSX:VMD)(NASDAQ:VMD) is a Louisiana-based firm that gives in-home
sturdy medical gear (DME) and post-acute respiratory healthcare companies to sufferers in North
America. Shares of this well being care inventory have climbed 12% in 2022 as of shut on August 26. Nevertheless,
the inventory has plunged 21% month over month. In the present day, I wish to focus on why I’m seeking to purchase VieMed
on the dip.

This well being care inventory put collectively an enormous run to start with of the COVID-19 pandemic. The extremely
infectious respiratory sickness shook our well being care methods to their basis when it crossed the
ocean. Happily, VieMed was in a position to assist by offering ventilators in addition to its normal
experience concerning a lot of these sicknesses to publica and personal well being establishments. It was in a position to
bolster its income over the course of the well being disaster.

The corporate launched its second quarter fiscal 2022 outcomes on August 2. VieMed delivered internet income
development of 26% to $33.1 million. That was a brand new document for the corporate. It grew its ventilator affected person
rely by 9% to eight,837. This represents the best quarterly development in sufferers because the second quarter
of 2019. Higher but, gross revenue rose to $20.3 million – up from $17.6 million within the second quarter of
fiscal 2021.

Shares of this well being care inventory final had a price-to-earnings ratio of 28. That places this inventory in beneficial
worth territory in comparison with its trade friends.

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VieMed Healthcare (TSX:VMD)(NASDAQ:VMD) is a Louisiana-based firm that gives in-homesturdy medical gear (DME) and post-acute respiratory healthcare companies to sufferers in NorthAmerica. Shares of this well being care inventory have climbed 12% in 2022 as of shut on August 26. Nevertheless,the inventory has plunged 21% month over month. In the present day, I…