G8 Education Ltd (ASX: GEM) shareholders, look away now…
Click to enlarge. Source: Google Finance.
Long-term, bargain-hunting investors, look here now…
Click to enlarge. Source: Google Finance.
G8 Education: A bargain waiting to be scooped up?
Following the announcement of a 70% jump in net profit this morning, shares in Australia's second largest childcare centre owner and operator have fallen more than 10% today, to be the worst performing stock within the S&P/ASX200 (ASX: XJO) (INDEX: ^AXJO).
Maybe the share price movement is the result of earnings per share being up just 58% to 18.17 cents, instead of analysts' predictions of 20.3 cents?
Or could this be an excellent opportunity for those seeking a stock with serious income and capital gains potential over the long-term? I think the answer to this question is yes.