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

Bullboard Posts

Comment by olive15on Aug 11, 2019 11:33am

149 Views

Post# 30015925

RE:RE:RE:RE:What’s happening ?

First off, ignore posts by Larry the MD. He's an obsessed, angry man wih a vendetta who constantly posts nonsense about the company. Share price was hit hard for several reasons. First and foremost, DR had poor quarterly financial results. Second, poor results led to a whopping increase in payout re: dividend. In turn, this has led investors to question dividend sustainability. Third, in the stock market game, momentum builds on momentum so, as an unusual number of investors sell, more investors sell. As for DRs future outlook, Industrial Alliance analyst Neil Linsdell wrote on Friday regarding the dividend payout, "we forecast improvement to 106 per cent in 2020 and 77 per cent in 2021. This is manageable with over $80-million in unused credit facilities ...". Will DR improve the bottom line going forward? We will have to wait and see.

Bullboard Posts

POET increases production capacity to meet AI demand