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Capital Senior Living Corp. Message Board

  • mentges mentges Feb 8, 2000 2:11 PM Flag

    Value investor-Book Value $5.92

    Seems like a bargain - lot of uncertainty in this industry, but pretty solid fundamentals. Real estate has real value - not hot air like internet companies. At $4 seems like little downside risk.

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    • Looks like CSU had to write off costs for a joint
      venture which didn't go through, which would pretty much
      cancel out a years earnings.

      But there is a lot
      of equity capital in this organization. The nursing
      home industry is pretty beaten down, so even though
      CSU has shown great ability to make money and
      generally it serves an upscale niche, it probably suffers
      some in guilt by association with companies that have
      to dicker with medicare and wait for cobwebs to grow
      on invoices before insurance companies pay.

19.60+0.27(+1.40%)Jul 22 4:02 PMEDT