today but they received $150 million in debtor
financing. That means there will be money to pay the SNH
rent or lose their $15 million deposit. If Chase
Manhattan came up with some of that money, I think they did
some rigorous due diligence. I think Mariner will be
around for some time to pay their rent. If they back out
of lease they will lose their deposit.
not trade down big time on this news. I think we are
near a bottom on SNH price.
I'm honored that you took the time to post my SNH
post on the HRP message board. I see you found your
Also, the President announced a broad
health care proposal tonight (which may not pass) that
includes a $3,000 tax credit for long term care. That
should help SNH and HCN and the other health care reits
in BK would SNH have unfettered access to $15
million deposit in event of rent default...or would the
BK judge hold it or consider it part of general
assets available to creditors. I doubt the latter, but
consider the former possible.
Not an idle question
since Mariner had substantial negative EBITDAR [Rent
coverage]as of 6/99 qtr and I doubt it's gotten better since.
That's a very good question. I've always assumed
it belongs to SNH. Why else would a landlord ask for
security but for risk of leasing to a tenant. However, I'm
not a lawyer - just married to one. Keep in mind,
Mariner is up to date on rent despite being in BK - why
else would they pay rent in BK but to preserve their
deposit. I suspect that the deposit is subject to
negotiations on how it will be used for further SNH protection
into the next post BK lease. If we have a realestate
lawyer on board maybe they could provide some insight.
just pointing out the similarities; both recently
downgraded; both have tenants in bankruptcy; both have a
questionable dividend level. Don't listen to anyone who tells
you that SNH is a bargain at this price; it could be
at $6 by the end of the month. My opinion only - and
you are entitled to yours.
You obviously don't understand the differences
between OHI and SNH. OHI's major problems are arising
from being a mortgage lender to healthcare companies.
Mortgages are treated entirely differently in bankruptcy.
OHI has very high debt level, SNH has extremely low
Oh... never mind. Believe what you want.
I'm not going to waste my time educating someone who
makes such outrageous statements without knowing the
If anyone decides to listen to you about SNH, they
shouldn't own SNH anyway, or any other stock for that
matter. They, like you, should be invested in mutual
As I understand it, Integrated hasn't paid rent
for at least 2 months and they only filed BK last
week. They have no deposit to lose like Mariner. How do
you see the negotiations proceeding with them. The
dearth of info is killing SNH.
<<<As I understand it, Integrated hasn't
paid rent for at least 2 months>>>
frankly don't know what will happen. I don't know why
they would be in arrears with their rent without SNH
negotiating an agreement with them before they went Chapter
11. Don't know if back rent is now considered a debt
or if it will have to be paid to continue use of
Guess results will depend on who is better negotiators.
I'd lean on putting the squeze on integrated but SNH
may be too afraid to do so. Maybe SNH or Integrated
will let us know before too long.
open flame - a gas bag like you could explode and
do serious mischief to anyone who happened to be
standing around you. Your posturing and pronouncements
about reits yielding 20%+ has done enough harm to
anyone foolish enough to listen to them.
read your posts on other boards and your idea of
discussion is to immediately denigrate anyone who has an
opinion different than yours. I am happy you decided not
to educate me - I would not like to own the stocks
(PZN, PRT, OHI, MT, CRRR, what else am I missing) that
you have lost up to 75% of your capital with. Your
type of education is where the saying "ignorance is
bliss" came from.
Please don't write another
sanctimonious post about how you have 30 years of investment
experience and people pay for your opinion. I think you have
had 1 year of experience 30 times and suggest that
you refund what ever money you sheared from the poor
dupes putting them in your high yield
For your own good, read the January 3, 2000
Investment Quarterly, published by the Atlanta Journal
Constitution where the author discusses 7 ways to make money
and 7 ways to lose money with stocks. Your investment
philosophy that you so generously spew in your postings
incorporate 5 of the 7 ways to lose money.
Have a nice
Well at least you are able to look at MY record
of posts and know who I am and what I've said
previously. I'm not a big balless COWARD who is so ahamed at
my posts that I have to create new identies to hide
my stupidity such as you have to do. You are a
really a piece of work and an anathema to these boards.
If you would use only one identity, at least
everyone would know to ignore you and you posts
completely. But, with your multiple identies, popping up a
new one all the time, you don't even leave us that
option. If knew who you were, I certainly wouldn't have
to wasted my time responding to you.
about a gas bag, saying SNH is heading toward $6.00
shows you are short and a real slimebag who is trying
to scare the readers here to sell out so you can
make another dollar. How sorry a person is that. I'm
sorry but your likes sicken me. You want to short, go
ahead and do it. Post facts you deem support your
position, but comeing in here yelling $6.00 is coming is
not the way to do it.
Here's one of your
quotes from another board to another poster:
like you have some sort of crystal ball but you're
just hyping. Why don't you stick to the facts?"
Tsk, tsk, tsk... isn't that all I was asking you to
do... to stop your crystal ball negative predictions
and stick to the facts! Shame on me for saying so but
you are a hypocrit or do you just dislike those with
take your Ritalin and calm down. I have never
posted on another board and I do not have multiple
identities - I think you are being confused by your own
schizo personality - humble and pompous.
SHOULD BE ashamed of your posts and do try to hide your
stupidity - it's very obvious.
There are great
similarities between SNH and OHI. Contrary to your previous
statement OHI is NOT a mortgage reit. They hold some
mortgages, but the majority of their assets are buildings
that are leased to financially weak operators; like
SNH. OHI cut their dividend and it's likely SNH will
be forced to as well.
By the way, if you
truly think that anything posted on these boards has
any effect on the stock price you are more delusional
than I thought.