Like the other few people that post to this board, I cannot understand why the stock is so low. We need some news from the company to perk up interest in the stock.
I know it is a small cap stock with not enough investors, but everything I can find out about the company indicates that it should be a good investment. Since I got in at 15 1/2 back in April, I am getting kind of tired watching my investment shrink.
I think ACR (along with the rest of the nursing home / assisted living establishment) is suffering from investor's psychology. I bought some BLCI at the same time I bought ACR (they both own and manage retirement properties), and recently noticed that BLCI made Individual Investor's Magazine list of the 100 fastest growing stocks. But BLCI was rated an "avoid" even though II claimed earnings had grown 100% last year and were estimated to grow at 44% over the next five (I think it was), and even though BLCI had a PE of only 10. II claimed it had too much debt, and too much competition. (You never hear anybody complain of too much competition in the overpriced Internet industry!) Good grief!! I really think investors, and especially the "establishment" simply have a negative attitude towards both nursing homes and assisted living centers. (By the way, BLCI recently approved a stock buy-back offer...)
I don't get it---I keep hearing that there isn't enough space in nursing homes for all the elderly people who need assisted living care. So, if there's too much competition--why the waiting lists in nursing homes? You know economists believe in supply and demand.