usually when something like this
happens, things get better....usually.
of course, I
am saying this because I am holding my lucky rabbits
foot. I bought a lot of this VTR today and look! The
price looks better already! cool beans.
it would be interesting to see who pays for that
office he inhabits. and what could possibly be his
no, wait. his business is what it always has
been. smoke-blower, with a side of bruce lunsford.
Do not be so suprised. Yes indeed,
Cafaro renegotied the Ventas debts and paid over nine
million dollars for the priviledge of paying much higher
interest over the life of the loans. Better still, please
consider the fact that about the same amount was wasted in
investment banking & consulting fees that led to bankrupting
Vencor for the sake of paying the rent to Ventas. Then,
lets ponder the millions in bonus money paid to Ventas
executives that oversaw one of the clearest cases of
executive ineptitude in American medical history. And
finally, what other millions have been squandered by these
Vencor that have yet to find out about?
my recommendation for the next STAY PUT bonus plan
for those idiots. In summary, the plan begins with
criminal indictments and ends up with long prison
Of course the Ventas news will be news about
Vencor. That is essentially their only client. From what
I can tell about this recent restructuring of
Ventas debt,they have traded liens against their one
asset,real estate,for the rights to high interest debt. This
makes it absolutely imperative that Vencor begins
turning a reasonable profit so that they can continue to
rent these buildings.
Thanks for getting a comment from someone.... I
can't believe how many employees and stockholders have
layed down and rolled over on this stock...It will be
ineresting to see what the BK settlement will be.... My best
hope is a warrant for each share.....