Watching CYH is a little spooky on Tuesday. All the markets are rolling over while healthcare is holding fairly well (a safe haven?). Almost no volatility with the stock very slowly going up on low volume. Makes me wonder what it would be doing if the markets were not down 1 1/3%. Still holding, watching and hoping for a happy ending to this one. And you? Doing the same as me - waiting?
Ah, there is intelligent life on this planet. Hi there. I faced the same questions you've asked yourself and I jumped in last Friday at 48.32 thinking the risk/reward was pretty good. It wasn't that long ago that it was fairly higher than now and things have gotten better IMO. At first, I looked like it was stuck in the mud but as you can see, about 3 hours into trading it came alive and is beginning to look like my decision was sound. I agree about the debt issue but this seems like a growing hospital holdings firm and running up debt is part of the game if you want to become a major player. It may finally become so attractive that another player may consider merging or buying them out but that's much further down the road than I would be interested in. I'm pretty much a trader, not investor and if I can make a decent size profit in a short time, I'll say sayonara to it and move on. I never get married to a stock like some out there. I've never played options so I have no advice or comment regarding that. Your message is about 1 1/2 hrs old which is just about when in went up to 49 so you've missed the move or maybe you did jump in and made the move. Whatever, let me know what you've done or not done. They appear to be the 3rd largest player in this sector (publicly traded) so they're not a small fish. HCA seems to be No. 1 and they got a nice rise today.