Post by
BlueJay2020 on Jun 10, 2022 3:34pm
John Zechner on Market Call June 10
His comments seem to reflect a confusion betwen retirement homes vs, long-term care (the former being more discretionary than the lattter). Hence, he is concerned about the Crusie Ship Factor putting people off, and says they need to increase occupancy levels. Also feels they are quite stretched financially and little opportunity for growth. Says, however, that the divi is good and that will provide the bulk of the returns of this stock. He also noted that the stock has recovered well (I assume from the pandemic lows), but failed to comment on the fact that the stock is down over 20% from its 52W high.
I have to say that I got the impression that he didn't really know what he was talking about.
Comment by
AmorFatiforlife on Jun 14, 2022 12:46am
Agreed. I don't think he did a deep dive. Just looked at the last few news releases and their finacials on Yahoo finance.