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American Retirement Corp. (ACR) Message Board

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  • mentges mentges Oct 20, 1999 12:43 PM Flag

    WORSE News...expected earnings.

    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.