TSX:NWH.DB.G - Post by User
Comment by
DanielDardenon May 28, 2023 10:06am
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Post# 35467772
RE:Big management flop
RE:Big management flopIn a perfect world you might expect perfection, however, investors control the sp. Obviously, perception is driving the bus currently. This is being perceived as a holder of office properties without the realization that theirs are primarily around hospitals, which attract doctors, clinics, etc. Hospitals are clearly essential infrastructure.
Insofar as management, expansion can be messy until the goals are realized. Their attempt to reduce the ownership side while expanding the management fee side has obviously not gone smoothly in a rising rate environment. However, if you look at the stock chart, this team was perceived highly unti ‘22 . .Investors generally like the idea of moving to a less capital intensive model.
Once the fear of a distribution cut subsides, perception should improve markedly. Meanwhile, this may be a huge opportunity as the pendulum swings to the reward side.