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##VIT- My Two Bobs Worth
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Added 2 years ago

Acknowledging @JPPiccard & @Vandelay and other wise elders of VIT. Smoking ceremony with VIT product et al.

On paper VIT looks okay to good, but take a peek above the bunker top and it ain't so rosy.

The discension at board & management level isn't a good look and is very distracting from the real business of growing the biz.

The grab for performance shares has a taint of 'it's my private swimming pool...piss off retail investor' about it. This is backed up by the first strike on salary arrangements.

The CEO has a 'dubious to very ordinary' past - not ideal for an industry which struggles to get public social recognition at the best of times.

Growth has definitely slowed and the competition is coming at a pace.

Margin compression is all but guaranteed

They overpaid for DoD and as @JPPiccard did say (or inferred), this industry is a graveyard of failures. And so it is, Check out DOC (a somewhat similar biz to DoD) and think about the poor investors who ponied up $1 and up to $1.45 in 2021 to see their investment valued at 5c today.

Yes, it might give them entree to an addiitonal 120 doctors. But doctors are like a bag of marbles, there's good and not so good among them. I'm betting there will be a disproportionally high number of baby boomer country type doctors, whose last drag of a Mary Jane (that's what we called the big M) was back in the summer of '69! A bit of education required here. Nope, there's better ways to spend $25m.


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