Thoughts on BNN guest's commentsto get Jason Mann has in the past some good calls like on Concordia, Valeant and PHM. He managed to preserve capitals for his clients by not losing their shirt. I do respect that.
His is comments on NHC is still based on the Q1 and I believe he is not up to speed as follows:
1. He has a dislike of all roll up type model which NhC falls into and no distinguish of a fairly good balance sheet with small and well-handled debt. Interestingly, he mentioned CRH as the only one in the block as investable and in which I have a big position.
2. No mention of Q2 result that surprises on the upside that easily covers the loss in Q1.
3. Momentum is building up foe a while and he chose to say it is weak.
4. No mention of some of NHC's new venues of earning foe the last half of the year and beyond.
To get the right pulse of the market for NHC he may be quite representative among investment institution of the wait and see attitude. Notice that on all up days volume is good but not spikingly high. Retail money is coming strong but not from the fund managers. I hold my belief that until the chart shows the golden cross meaning the 50 DMA crosses and go above the 200 DMA, a technical bullish change of trend signal, the smart money then will pour in back to the stock. Thus trigger the long waited Multiple Expansion. The chart is telling me it will not be long for it to happen.
Good luck to all longs.