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Medical Facilities Corp T.DR

Alternate Symbol(s):  MFCSF

Healthcare
Medical Facilities Corporation is a Canada-based company, which owns a portfolio of surgical facilities in the United States. The Company owns interest in four specialty surgical hospitals (SSHs) located in Arkansas, Oklahoma, and South Dakota, and one ambulatory surgery centers (ASC) located in California. ASCs are specialized surgical centers that only provide outpatient procedures, whereas SSHs are licensed for both inpatient and outpatient surgeries. The SSHs and ASC provide facilities, including staffing, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging, and diagnostic procedures and derive their revenue primarily from the fees charged for the use of these facilities. In addition, two of the SSHs provide urgent care services. The facilities focus on a limited number of clinical specialties such as orthopedics, neurosurgery, pain management and other non-emergency elective procedures.


TSX:DR - Post by User

Medical Facilities Corp
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Post by publicmanon Aug 09, 2019 9:45am
186 Views
Post# 30010508

I was waiting for the Q2 before Investing

I was waiting for the Q2 before InvestingThat 179% payout ratio doesn't seem like a blip to me or a seasonal thing. From 78% to 179%. Huge red flags here.

Q1 payout ratio rose from 92% to 167%.

Seems more like a trend now with decreasing revenues and cash for distribution. 

They also have a stock buyback program but haven't bought any stock in the 1st two quarters. Maybe now they will start to buy their stock to support the share price unless they believe it will go lower based on their vision for the rest of 2019.

I would tread extremely careful here. 

Good luck. I hope they can turn things around. Q3 will be very interesting and some major  announcements will be made in that report IMHO if the payout ratio stays in that high range. The distribution obviously is not sustainable. 
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