Small Cap Stocks Down Under 13 May 2022: Mayfield Childcare (ASX:MFD)
Mayfield Childcare: Is its spending spree really Genius?The childcare sector has endured a turbulent couple of years due to the pandemic, but Mayfield Childcare (ASX: MFD) handled it well and is positioning itself for a brighter future. In November, it acquired 14 Genius Learning childcare centres in a deal that took its portfolio from 22 centres to 36. The company is expecting a hefty boost to its earnings and after a few quiet years on the M&A front is clearly hungry for more deals in the future. But after a recent share price run, we think all the growth is priced in for the time being. Click here to read the previous edition of Small Cap Stocks Down Under published 6 May 2022. For in-depth research reports on ASX-listed stocks, check out our parent company, Pitt Street Research, or follow us on Facebook and Twitter.
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