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Omega Healthcare Investors Inc. Message Board

  • kpmgpartner54 kpmgpartner54 Jan 31, 2003 9:02 AM Flag

    HCR reports good numbers

    Occupancy best in years as supply wanes.Tort reform cited as positive.Patient liability claims down.Cites probability of medicare givebacks.Conference call 1 800 642 1687.Management is better at HCR than OHI tenants but macro affects help all mitigating removal of givebacks.

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    • kpmg - thanks. I assume you mean that SUHG will go likely go back into bankruptcy. Wow, that's quite a loss taken by that director, i.e. over $1M on the 50,000 share buy at circa 20.00 post BK. Considering, however, if there's the slightest chance of the co. surviving without another BK, their current mkt. cap is only $5M, yet they have $2B in sales. It there's only say, a 3% chance of avoiding BK then i figure it's worth holding on.
      Regarding MHCA, i've been in that one for awhile - but i noticed they paid taxes last quarter, i.e., they didn't use their tax loss carryforwards - would you know the reason?

    • I would buy MHCA not SUHG.I believe Sun is going to have to do a quick prepack if medicare givebacks are not adjusted by congress.Ohi has a master lease renegotiated after last BK and all are current on payments and all but a few have revenues that more than cover lease payments.Call Mariner.They are not followed.They have a couple billion in revenue and some impressive Ebitdar with tremendous tax loss carry forwards.Phone number 678 443-7000.Boyd Gentry probably most likely to give you any time.They are not really interested in giving info to shareholders at these low prices.They may be waiting for the first anniversary of the BK emergence to issue themselves options.

    • Cites lower wage increases to Nurses and aids as trend and lower interest rates as well.Should bode well for Beverly.Looks like MHCA (Mariner) is also ridiculously undervalued.Just started looking at this stock.Seems to be unknown to the street.

      • 1 Reply to kpmgpartner54
      • funny that you mention MHCA. I like to buy firms at good valuations. This one got recapitalized out of Chapter 11. The only thing holding it back for some time seems to be Oaktree Capital (Gerald H. Lang) filing to sell the shares he was issued for distressed bonds he bought before the recapitalization was approved.. I spotted it and made at the "Bosco & Crossy" thread over at SI. It appears to me as if MHCA has the ability to generate $0.30 in earnings per quarter. Yet it'S still trading at $5. Ridiculous..


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