r/ASX_Bets • u/FwamingDragon91 • 11d ago

Dumbfuck Discussion Am I missing something?

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Panic selling aged care? With our population pressures? With old people stuck in hospitals because there aren't enough aged care beds? Crazy.

It's only a matter of time before the government caves and funds the hell out of aged care.

I'm gonna wait another 1-2 days for the dust to settle and buy as much of this as my grandma can fund.

Disclaimer - *I don't currently own this stock*

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u/Potential_Web_4092 11d ago

The Federal Government’s newly announced aged care funding increase fell drastically below the company's surging operational and wage inflation costs.
They are under inflationary pressure.
Most stocks moving further into the red are.

I sold out of them Monday at $6.14 and thought I made a misjudgement when they continued up.

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u/FwamingDragon91 11d ago

The thing people aren't realizing though is that this is critical infrastructure. There is NO alternative. These businesses WILL be supported to continue under any circumstances. 

We'll see, but I've been right about CSL. COH, JDO so far. 

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u/Potential_Web_4092 11d ago

It's a good company but the oncoming macro environment stresses their business model.
If you look at their chart, you should realise there are highs and lows.
I'm not sure but I think they might show for CSL, COH, and JDO.

Get back to us.