earth, the financing put in my former management is a mess. Keep in mind a large acquiror would eliminate that with great haste and replace it with low interest debt or pay some down. Caution on jumping to conclusion on what preferred are selling for. I have bought preferred at $12 with yields in the teens which ultimately were redeemed at and above face ($25). You just have to know the company in which you are investing. In terms of Brogdon and Canton stock,, keep in mind the company announced a buy back. I don't think you will have trouble picking up 10,000 shares. There has been and continues to be a seller out there. Fallen, yes it would make sense for ADK and GBCS to get together I think. The amount of debt doesn't overly concern me..it's not that unusual for a REIT..what matters is FFO and ADK is doing well in that regard. There really aren't any undesirable properties at this point, those have been sold. A large REIT buying ADK would be a very accretive acquisition. If ADK can grown in size, it becomes even more attractive to a buyer
Yes, I do. Brogdon has ample resources to draw upon to save his assess without selling ADK stock. But, if hr wants to sell it there are options. It's great news to finally have him out of both ADK and GBCS. Not only has the board been cleaned up but the company also. Unfortunately the stock has not improved with the company yet. It's incredible really. This company is in infinitely better position than it was before Bill took over yet the stock is lower (though its been a rough period for REITS). I still expect this company to be bought. But, in the meanwhile, one can buy here and enjoy an effective tied of 12%+...that's 8% and tax free for the time being.
Fake doc AKA daniel (your use of the English language gave you away). See my comment to your daniel name above.
happy. They have NOT given guidance. Please cut and paste from a PR specific revenue or EPS guidance the company gave provided for Q4. No transparency
yappy_dumb, Peaked at about $200M? MDXG will likely do $250M in 2016. I believe management has said they are comfortable with analyst estimates for 2016 and will give their official guidance in mid December. And, MDXG management has a history of under promising and over delivering. OSIR management, on the other and, choses not to be upfront with shareholders, cuts conference calls short and missed 3 of the 4 prior quarters consensus revenue, had they PROPERLY reported their revenues.
You saw the 8K. Broggy thrown out here as well as ADK. Obvious ties between the two companies. Makes no sense for the two companies to remain sep public companies in my opinion. GBCS leases are god most of them. Eliminate all the corporate overhead and public company expense and imagine how accretive it would be to an acquirer
Spyonyu. Spot on. He is a bad apple and ADK and GBCS are MUCH better off today with him out of the picture. Finally. GBCS taking it on the chin today....sellers who don't really know what they bought seeing a PR that the CEO resigned. Yeah, he resigned as GBCS CEO as much as he "resigned" from the ADK board.
tem 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously disclosed, on October 13, 2015, Christopher F. Brogdon informed the Board of Directors (the "Board") of AdCare Health Systems, Inc. (the "Company") of his decision to resign from the Board, effective as of Company's 2015 Annual Meeting of Shareholders to be held on December 10, 2015. On November 20, 2015, Mr. Brogdon informed the Board of his decision to accelerate the effectiveness of his resignation from the Board to be effective as of November 20, 2015. To the knowledge of the Company, Mr. Brogdon's resignation from the Board is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
I stand corrected. I get the nitwits confused sometimes. Boyd was the CEO we got out of there. Then Brogdon. Do you talk to funds trying to get them interested in the stock with Brogdon still on the board? Or to investors to try to get them interested in GBCS with Brogdon as CEO? If not, please stop. You have no idea what has gone on with these companies. And, what has gone on is 100% the opposite of what the Brogdon told you when you "talked to him" at shareholder meetings. You do not find anything out talking to con artists. He duped a lot of people so don't feel bad. He " resigned" from the ADK board? Is that really what you think happened? Now that's funny. Like how he will "resign" from GBCS too? That's like PRs from all public companies when you read a PR about a CEO or CFO resigning "to pursue other opportunities". Sure they so. Please, I have worked at public companies my entire carer in management. Don't believe what you read is my best advice..
If this brings you no joy, you do not understand what has happened at ADK and GBCS over the years? Why do you think Brogdon is no longer CEO at ADK? He is a contaminant. Deals lost because of him. Bad financing deals because no one else trusted a company run by Brogdon, a guy banned from the securities industry now to be banned from being an executive or board member at a public company. Your mistake was talking to a guy who spews more BS than anyone on the planet....just ask the folks involved in the bond deals. Why do you think it's been hard to get investors to buy stock in what is now a well managed quasi REIT yielding 8%? Because funds that do their due diligence see someone like Brogdon with a terrible reputation on its board. "Let me know when you have cleaned up the mess he made and he is gone". It has taken Bill a long time to clean up the garbage that Brogdon put together. The AdCare name has a certain stench to it because of Brogdon. This isn't easily cleaned up. It takes time but we can see the light at the end of the tunnel now that the wicked witch is on his way out of both companies.
Are you serious? I hold a significant position in both and know the major holders and rest assured, major shareholders of both companies are partying this weekend. Best news in ages. I do not think Brogdon can remain as a CEO or board member, thankfully. I will be very thankful for that this Thanksgiving as will all long time shareholders of ADK and GBCS
By Suzanne Barlyn
Nov 20 (Reuters) - An Atlanta-based businessman raised $190 million from investors who believed they had a stake in retirement home income and then tapped those funds for other business and personal expenses, the U.S. Securities and Exchange Commission said on Friday in a fraud case.
Christopher F. Brogdon amassed the funds through dozens of municipal bond and private placement offerings. He then secretly diverted some of the money into accounts he controlled, the SEC said in a civil fraud complaint filed in federal court in Newark, New Jersey.
Brogdon used the funds from those accounts to "prop up" his other businesses and his wife's lavish lifestyle, the SEC said in a petition for an emergency order that would freeze Brogdon's assets.
A lawyer for Brogdon did not return a call requesting comment. Brogdon was barred from the securities industry in 1984, according to the Financial Industry Regulatory Authority (FINRA), Wall Street's industry-funded watchdog.
That is a $28 from Piper and an $8 target from Brean. Averages to an $18. Piper must be looking for banking business badly. Who puts a crazy target like that on a $10 stock. it lacks credibility,
By what metric is OSIR the leader? Revenue? Operating profit? Headcount? Just curious, seriously. To say you are a leader in something, you have to have some metric don't you? Otherwise anyone can claim they are the leader. Market cap? Not that either. I await your answer
Did he say in the presentation when his accounting team will finish their semester at the community college taking accounting and financial reporting courses?
Guidance? As in transparency? I think you are invested in the wrong company. Transparency not in the DNA of this company