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Paragon is the only independent pharmaceutical wholesaler in the country. API is owned by Wesfarmers and now we have Sigma owned by Chemist warehouse. I bought Paragon assuming the SIG merger would happen and also because of the success of CH2 which bought Paragon in a reverse takeover. It is likely some independent pharmacies will now switch to Paragon and with the Founder driven business PGC could have growth potential.The market seems to agree, PGC up 14% today on the SIG announcement.Speaking of SIG, nobody going to help with my dilemma over there?.
Paragon is the only independent pharmaceutical wholesaler in the country. API is owned by Wesfarmers and now we have Sigma owned by Chemist warehouse. I bought Paragon assuming the SIG merger would happen and also because of the success of CH2 which bought Paragon in a reverse takeover. It is likely some independent pharmacies will now switch to Paragon and with the Founder driven business PGC could have growth potential.
The market seems to agree, PGC up 14% today on the SIG announcement.
Speaking of SIG, nobody going to help with my dilemma over there?.
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