Investment thesis overview
Korian (OTC:KRMDF) share price has been severely hit during the market sell-off. Investors are worried about the impact of Covid-19 on the company short-term profitability as well as a potential negative structural impact on future profitability. Indeed, during the pandemic, Korian incurred additional expenses to purchase medical supplies such as masks, hydroalcoholic gels, tests and hired more staff. On top of that, the company occupancy rate declined as the company was not able to accept new patients to fill the increasing number of empty rooms in nursing homes and had