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American Retirement Corp. (ACR) Message Board

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  • mentges mentges Jun 17, 1999 5:14 PM Flag

    Buy, buy, buy! Hello???? I'm an elder t

    As you can see from the Yahoo news - Mcdonald
    company downgraded from agressive buy to just buy. I have
    found these downgrades to be unreliable (as well as
    upgrades). In any event, since we are at the 52 week low, I
    bought another 500 shares today. The only reason I can
    think of for the slide is perhaps higher than
    anticipated costs of opening new facilities. If the company
    statement, they said they were going to open 1500 units (I
    guess apartments) this year. The old saying - it takes
    money to make money.