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Five Star Quality Care Inc. Message Board

  • berrygeorge51 berrygeorge51 Oct 28, 2011 6:38 PM Flag

    This could drop on November 23, 2011.

    That is the deadline for the 12 person debt proposal. If nothing is submitted there is nothing to vote on in December. Either way, in November or December this stock could take a huge hit because the default will be 500 billion out of Medicare and 500 billion out of the military.

    At that point I will buy in big time because Five Star is in a much better situation than the other nursing home stocks. Could be a 5 bagger from that point, once the dust clears and people figure it out.

    Anyone agree with me ?

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    • I agree - it's an awesome stock - that's why I'm going to pounce - but the DOW is already at 12,200 and we could have some big down days - I will feel better in three weeks after we see what the gang of 12 comes up with.

      I agree though that I might miss out by waiting until then.

    • This is less and less a medicare story. I do agree that there is huge upside here. If the debt issue causes more medicare cuts, they would not take effect until 2013.....and by that time they'll be even less dependant on medicare and the skilled nursing business. This is a growth and value story. FVE is grossly undervalued right now and they are poised to grow in a big way as they increase their private pay business and increase occupancy.

      • 1 Reply to robinhoodbi
      • Yes all correct with what you say but there are many "reactionary" investors that don't look at all the details and figure it out.

        That's how stocks get over sold in the first place. Remember that all these nursing home stocks dropped 50 % over night even though the publisized decrease was only 11.4 % . Then they slowly came back.

        The fact that the decreases will be a year away won't matter to some investors. They will follow the herd. Then we will all clean up.

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