Hieronymous is still in the lead and there are two of us just barely in positive territory. The group average did not change much even with the dismal week for the averages. MCZ is holding its own which is helping our average.
Only two more weeks to go.
Group Average -12.59
Recent moves have improved the outlook of the company according to Moody's as follows:
New York, August 19, 2015 -- Moody's Investors Service revised the outlook of CareTrust REIT, Inc. to positive from stable. In addition, Moody's affirmed the B2 corporate family rating and B2 senior unsecured rating.
This rating action follows the announcement that CareTrust is under contract to purchase a portfolio of 14 skilled nursing and senior housing assets in Ohio for $175 million from Liberty Nursing Centers. This transaction, along with other accretive acquisitions executed over the past 12 months, is expected to meaningfully reduce the REIT's tenant concentration with Ensign to below 70% of revenues, a distinct credit positive. In addition, because all acquisitions to date have been primarily funded with cash or equity, the company's key credit metrics are expected to improve materially. Leverage, as defined by Net Debt/EBITDA, is expected to decline to below 6.0x from 6.6x at 2Q15, while Fixed Charge Coverage is expected to increase to above 2.5x from 2.3x at 2Q15.
CareTrust has grown significantly in the past year, and we anticipate that the company will continue to actively pursue acquisitions. The company recently refinanced its existing secured revolving credit facility with a new $300 million unsecured revolving credit facility, which matures in August 2019 with two six-month extension options and an accordion feature allowing for an additional $200 million of capacity. This new facility unencumbered a significant portion of the portfolio and should provide the company with more financial flexibility to seek out new investment opportunities and continue to grow. Moody's expects that all future acquisitions will be funded with a conservative mix of debt and equity.
Thank you for the welcome. I have been lurking around for a little while but don't have much to add with most of the knowledgeable long timers here on the board. I did see this on a news feed today. Probably old news.
Van Halen Ready to Erupt In Rock Band 4
Van Halen’s Panama will feature in the hotly anticipated Rock Band 4 from Harmonix
Wow, after the conference call, I figured this thing was easily worth $20. It barely got there and traded in the $19s which I didn't think was too unusual since larger holdings are sometimes liquidated after a positive report. Now we are into the $18s and even $17s which is a tremendous buy IMO.
Anybody know if someone is liquidating a large holding or something? The last quarterly report confirmed the direction of the company for me. In any case, it really doesn't matter. Yes, I gladly bought more shares.
" ... Cool!!! I am new to this board and stock and I am so glad to see you here.
Since you started bad mouthing HIHO on that board and shorting in August of 2013 it has gone up +75% from about 2.1 to 52 week highs of 3.7..."
Now the 52 week high for HIHO hit 4.5. Don't forget the $0.54 in dividends paid in that time.
Your calls stink and posts are just plain lies.
Never mind. I found out. It sounds like everything is for early next year.
What is the tentative release date for Oculus? I probably heard but don't remember. TIA.
MCZ reporting was a non-event since the price is in a similar range. KTCC is reporting this next week. While I did not pick it, my real portfolio sure could use a nice report.
pullinup RARE 23.83 0.00
cragi JAKK 21.56 0.00
hopeful200 JAKK 21.56 0.00
hieronymous_blat FTR 10.46 0.00
bottomsupinvestor KINS 6.98 0.00
bottomsupinvestor HIMX 0.28 0.30
S&P500 GSPC -0.06 0.00
hieronymous_blat OSTK -3.14 0.00
bodybag2006 FGP -5.91 0.00
hieronymous_blat MCZ -6.01 0.00
cragi MCZ -6.01 0.00
microcaptrader MCZ -6.01 0.00
hopeful200 MCZ -6.01 0.00
b_fr_nk MCZ -6.01 0.00
microcaptrader STLY -7.65 0.00
bottomsupinvestor CTRE -7.71 0.16
microcaptrader KTCC -8.96 0.00
b_fr_nk ORBC -15.12 0.00
pullinup ALNY -19.50 0.00
b_fr_bk OPK -19.70 0.00
pullinup AGIO -26.07 0.00
cragi SGMA -35.79 0.00
hopeful200 IFON -49.06 0.00
bodybag2006 DRWI -50.85 0.00
bodybag2006 ORIG -52.40 0.00
I could not keep my head above water and am now in negative territory also. However, hieronymous_blat has picked up the ball and is eeking out the only positive return and taking the lead. Cragi has third.
Group Average -12.28
I sold shortly after the last report before it ran back up to 0.9 and was somewhat disappointed with my timing. I guess if I want my shares back I can now get them a little cheaper but think I will wait.
OT: Hey fabulous, NSEC also reported today. I looked good to me so you must be having a good day!