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Could you please advise me on Medibank private now that it has lost the government army contract.
It forms a major investment in my portfolio and was purchased on the float.
With the government increase cap, I am concerned.
If sell is your decision then what is your suggestion for a replacement?
This is my only investment in the medical sector.
A: I am not worried about Medibank Private. In fact, I like it as an income stock now that it is finally growing its customer base. I wrote about this the other day (see https://switzersuperreport.com.au/5-great-income-stocks-from-reporting-season/ )
One thing – I don’t classify Medibank as a “health” stock, nor does the market. It has none of the underlying positive drivers (demographics, ageing population, demand for services). If anything, these drivers are a negative for Medibank. The market classifies it (correctly in my opinion) as a financial stock.
