3rd Quarter earnings expected to to be 12 cents, below the estimate of 22-23 cents. See the Company News Release that came out at 6:10 PM. Shift in development program also.
can somebody explain to me how ACR earns
development fees for building new facilities. Now if they are
building them for someone else I can see it, but then that
makes no sense because ACR said they were the ones that
discontiuing development not someone else. So do they pay
themselves a fee for building their own facilities....what's
wrong with this picture?
Anybody out there
knowledgable about how this works?
According to some stock research, here are some
interesting numbers, IF ACCURATELY STATED. 12 senior officers
with, I believe an average of 4 years experience.
SENIOR OFFICERS. Furthermore, with a market cap of
Net income 3.4 M on revenues of 44.5 M for period
Community operating expense increased
47.9% for same period, 99.
Revenues increased 49.1%
for same period.
General and administrative
EXPENSES INCREASED 3.5 MILLION FOR 3 MONTH PERIOD ENDED
6/30/99 AS COMPARED TO 2 MILLION FOR 3 MONTHS ENDED
6/30/98, REPRESENTING AN INCREASE OF 76.6%. Increase was
primarily due to increases in salaries and benefits. This
info was obtained from Yahoo research--I do not vouch
for its accuracy, but that's the info given to me as
SPEND, SPEND, SPEND.
I am also dissappointed in ACR's management - it
still isn't quite clear that they are suffering from
overcapacity since their occupancy rates have even gone up a
bit. Perhaps they are pulling new projects because
they see a glut ahead. Is this a one time charge for
the cancellation costs of new projects? That wasn't
clear from the Press Release. I hope we get more in the
quarterly report. There is no reason that they can't cut
management costs (especially since the new projects are
dead) and become more profitable again. I would be very
happy if their growth rate was slower but predictable.
Hopefully we will see industry consildation, and either ACR
will be bought or merged.
Hi mentges--Just a couple of thoughts to
First of all, I'm very dissappointed in Acr's
management. Isn't it management's job to predict future
demand for their product and to have some sense of how
quickly demand is going to grow?
So, what have these
guys been doing. BUILD, BUILD, BUILD-OOPS, we're short
on cash, so now, we BUY, BUY,BUY. HELLOOO!!
want their job---pay ME 300,000/yr. to screw up.
Sorry,just venting because my $12 investment is now worth
Second, I say change management, get somebody who
understands the biz and works within the allotted budget, OR
MARKET YOUR SERVICES more aggressively, because with an
aging population and waiting lists for assisted living
in major metropolitan areas, I just don't see the
lack of demand; so is overspending the problem here?
my SNRZ drops from 25 to 10, my HCR from 25 to
15, CMDC from 15 to under 3; don't even ask where ALF
and SHG are now. I figure it can't get any worse &
ACR earnings are cut in half. I bought it at 13, it's
already lost more than half. So where does it open
Tuesday? My guess 4 1/4 & it drops to 3.
I know, I
know. I'm in for the long (looooooooooooooooong) haul.
Will it get back to 15 before I'm living in one of
S&P will host a phone conference on Thursday,
Oct. 21 at 2pm.
You can pick it up either by
phone or internet!
Visit the S&P site and click on
conferences and calls.
I am still amazzzzzzzzed,
anyone thinks this industry is a place to invest. It was
the ancillaries that drove the rev's and the Fed's
took that out with PPS. Also, the Fed's OIG workplan
has targeted for review excessive use of ancil's by
long term care providers.
You can read the
workplan 2000 at the following
Bankers, lenders, attorneys and investors feel free to
post your questions, I'll try and get back here to
comment or direct you to resources.
company assets are located in Florida. A large number of
the facilities are on the AHCA 'watch list' for
quality of care issues. You read each citation at the
AHCA site by clicking on nursing homes and then
OFL has never had or nor will ever take a position in
a commented company.
OFL has never been an
employee of this co. or had any contractual work effort
related to this co.
The opinions expressed by OFL are
not a replacement for your own research and
Question - Where were the Streetie analysts? All the
events were known 12+ months ago! BBA97 everyone of them
should have understood the implications.
774df567e9&view=story&version=marketslong99.cfg I can't believe you guys didn't see this
coming.The industry leaders were telling analysts things
aren't rosy now,did you actually think ACR was
immune.Good luck longs,maybe short covering will keep you
afloat . Larlor