Savvy investors who bought Greencross Limited (ASX: GXL) back in 2011 – 2012 will know how quickly a business can grow through acquisition. Michael Glennon of Glennon Capital believes recent listing National Veterinary Care (ASX:NVL) is well positioned to execute a similar roll-up strategy, “it’s a recent float, it’s trading at 1.14, it’s on a PE of 11, it’s 40 million dollar market cap and it has got very bright prospects in terms of acquisitions it can make. It makes an acquisition…it is far more accretive…than it is for a Greencross to make that acquisition…Its got good management, the management are all ex-Greencross, they know the systems and they know how to do the acquisitions. I think it’s low risk and it has good upside.” With regard to ASX:NVL growth prospects, “it has got a lot of room to grow, I can see that business doubling over the next year or two”. Watch the video for more insight into National Veterinary Care.
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It’s been nearly two years since recreational pot was legalized in Colorado and the thriving pot industry has hit some hurdles in the form of potential dangers to consumers. Pesticides that are illegal to use on marijuana plants in Colorado are being found in some recreational and medical pot products being marketed and sold to the public leading to product recalls, plant quarantines and even a class-action lawsuit involving people who say they would not have inhaled the product had they known illegal pesticides were used on them.
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