I think what is happening is that LTC is part of the REIT group which is going through a rotation because of the legislation directed at Meditrust, Patriot American, etc. I wouldn't be worried about it, in fact I'm tempted to buy more at this price because the yield is phenominal. The preferred LTC.A has done pretty well lately, which is interesting.
I appreciate your opinion, but disagree. The legislation is only against paired REIT structures. LTC is not one, in fact according to Motley Fool there are only four in existence. Which still leaves the question. Why is this stock getting clobbered?