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LTC Properties Inc. Message Board

  • horneyranch horneyranch Mar 29, 2001 6:33 PM Flag

    is ltc's office still open 8 hours a

    day ???

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    • Horney,

      You expend so much time posting on the OHI and LTC boards railing against mgmts, the world, etc.

      But with all due respect I have been posting for quite sometime about the clear line of demarcation between the top tier healthcare reits and the rest. All of you had the opportunity to buy into HCP when it was in the low/mid $20s; HR in the mid teens; NHP in the low teens or single digits if you were lucky enough and discounted the perceived problems.

      The people who invested in OHI and LTC chose to ignore that which was obvious which was that there was a concentration with operators that were not as a group as strong as the operators owned by the top tier reits. You all took advantage of the 200 to 300 basis point difference in the dividends that OHI and LTC were paying. Those that chose the safety of the top tier healthcare reits accepted the lower dividend yield for a larger measure of safety in terms of quality of operators at the reit's ppties.

      So, you can continue to rail at mgmt or simply lick your wounds, learn the lessons, and move on. Once a reit starts down the hill it is like a snowball and it is extremely difficult to rescusitate a reit unless it converts to c status and retains earnings for debt reduction.

      I hate to see you waste energy that can better be used to do your homework and learn from your experience.

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