% | $
Quotes you view appear here for quick access.

Sunrise Senior Living Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • retiredtechie retiredtechie Oct 24, 2008 1:16 AM Flag

    Bloodbath in nursing home stocks

    Hello Niterunner:

    Yes, I agree with you with regards to the serverity of the share price decline among senior care facilities. The blood is flowing freely everywhere in this sector. And SRZ is down over $1.00/share in after hours trading as I write this message. When is thing nightmare going to end? I have to admit that I never expected a "drop off the cliff" type of scenario among these stocks and that especially applies to SRZ when I initially bought in at around $13.00/share with follow up purchases down as far as the $6.00/share level. I really feel sorry for those folks who are holding this stock at much, much higher levels. I've taken a royal beating with SRZ, never-the-less, I intend to stay with it but I'm not buying more until this market settles down. If you have any confidence in a general market recovery over the next 12 to 24 months, there has got to be some incredible bargains among the senior care facility stocks at this point. With that said, I still feel that SRZ will pull through this period unharmed as an organization. Although its somewhat too late at this stage with an average share price of $8.89, I'm changing my sentiment indicator here from "buy" to "hold". And as I've reinterated a number of times, that would apply to a long term "hold" for at least 24-48 months or more.

    Cheers and good investing,