rida. Since the price has dropped, I've thought about buying in again. But the insurance issue is still there, as far as I know. You can't operate without insurance. Or for that matter, you can't operate without insurance that is decently priced. So what happens? I'm sure in the long run the issue will be resolved since even the lawyers will have to give way when nursing homes start to actually shut down with all the political fallout that would entail. But will the first one to shut down be NHI? Will NHI have to take one for the industry? What does the board think about this issue?
Yahoo ate my first reply on the "cloud." Mostly I agree with Illinois Investor. My points are that the market HATES uncertainty with a passion and then feeds on itself. IMNSHO, that's the main driver of the current downward price movement.
As for liability insurance ... and non-profits ... my point is they/we are going to take a bath in FL, but still come out with a lot of salvaged equity. Lost equity, yes. Lost income, yes. Total wipe out ... no ... the FL govt won't have these people kicked on the street or EVERYONE scared to do business in FL.
Distributable income and NAV are, I think, going to go down, and dividends follow, but no no NO where enough to justify the present low prices.