Business
Why the Sonic (ASX:SHL) share price could be a hidden opportunity
The Sonic Healthcare Ltd (ASX: SHL) share price could be a hidden opportunity for investors to take advantage of.
Sonic shares haven’t done too much when you compare the current share price of $35.40 to the price of $30.78 on 6 March 2020.
But the business has actually been generating a lot of profit growth because of COVID-19 testing and this could be where an opportunity is waiting for investors.
How is the business going?
Sonic is a diversified pathology business with global operations across countries like the USA, Germany, Australia, the UK, Ireland, Switzerland, Belgium and New Zealand.
The company’s base/pre-COVID-19 business proved to be resilient in the first half of FY21, with revenue only down by 1% despite further…
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