Medibank Ltd (ASX: MPL) - My Research Notes

Hi everyone.

Back in October, I finished off a detailed investment report on Medibank Private Limited (ASX: MPL) which I'm happy to share with the forum.

In short, I show how the famed 'death spiral' for the health insurance industry is unlikely and how large insurers like Medibank can sustain earnings growth on a long-term basis.

Enjoy!

Disclaimer: This research note was produced for my own enjoyment and is provided as an example of how I used to do equities research. It's in no way a recommendation to buy or sell the shares of any company. You should seek the advice of a licensed professional before making any investment decision. I'm not responsible for any losses or gains you make.

 

The problem with PHI is that they exist only due to negative stimulation of customers. The vast majority of profitable customers enrol to avoid Medicare surcharge. The market is created by governmental stimulus (including billions in rebates). This can change at any time.

 

Thanks for your response

I've written a detailed summary of the value proposition of PHI in the report. No worries if you disagree.

 

i avoided this sector as i worried about constant regulator interference ( probably due to government policy changes )

my exposure to this sector is via ETFs and LICs

but thanks for your insights

cheers