So on May 21..one month ago we closed at 37.61 today 29.44...down 21.7% in a month. Market is punishing OHI for what reason I can't figuring? Business model, etc etc all the same. What changed. Bernanke position? did that really effect OHI??? How?? This sucks...back to mid 2012 levels on most of my investments.
Frankly Piano, I don't understand myself, however I think this is oversold and I added to my position today. I have no credible reason to declare why I think it is oversold, however it has come down too far too quick on no news. This is not a mortgage reit like NLY or AGNC . It owns the properties it leases and a rise interest can be beneficial to OHI's business. If it continues downward, I will continue to add to my position.
Wish I had more confidence in the market right now, if I did I might follow you and add more. It seems instead I buy high and sell low. Making any sense of the market anymore is impossible. Investing based on valuation, company track record, quarterly reports, etc...seems to make no difference. Good Co.s get slammed with the bad...beer time !