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Five Star Quality Care Inc. Message Board

msears99 53 posts  |  Last Activity: Feb 8, 2016 4:10 PM Member since: Mar 20, 2011
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  • Reply to

    Sector occupancy numbers 4th Q

    by msears99 Feb 1, 2016 10:11 AM
    msears99 msears99 Feb 8, 2016 4:10 PM Flag

    o.k russ just checking... wa'nt sure where you were heading with that...

  • Reply to

    Sector occupancy numbers 4th Q

    by msears99 Feb 1, 2016 10:11 AM
    msears99 msears99 Feb 8, 2016 12:49 PM Flag

    ? russ ? oil properties?

  • Reply to

    Sector occupancy numbers 4th Q

    by msears99 Feb 1, 2016 10:11 AM
    msears99 msears99 Feb 8, 2016 8:58 AM Flag

    Jonesy.... I give you credit and luv ya a bunch... But markets are markets.... when the tide goes out ..everything falls..to think FVE is some type of high ground would be false...FVE is entrenched with about 70% institutional holdings on a 49 million float...lots barried in funds associated with the healthcare sector..somebarried in small cap funds barried in the russell small cap index.... soon the likes of blackrock and the rest will swoop in and take some large positions again 5-7% of the float..I cant time the market ...so I know i just have to trust that the senior demograpghs will continue to support the five star operations..because there stellar facilities...not based on the price of oil..or operations in China... Gemini partners put an expression of 325 million on table on the first open offer..portney knows if he was to open up the bidding we'd see somewhere between 400-600 million come in quick from some deep pockets thats $8-$12 a share..so i dont concern myself to much will the market sways right nows. portney will continue to invest CF into memory care, AL conversions and higher margins businesses, keep the grounds green and lush..and the air conditionings upgraded and a constant 72 degrees..and a fresh welcome matt...

  • Seniors Housing Occupancy Rises to 90.1% as Strong Demand Surpasses Inventory Growth for Second Consecutive Quarter
    Construction Activity Reaches New Cyclical High
    FOR IMMEDIATE RELEASE: Wednesday, January 6, 2016

    Contact: Biba Aidoo, (410) 267-0504 or communications@nic.org

    ANNAPOLIS, Md. – The average occupancy rate for seniors housing properties in the fourth quarter of 2015 was 90.1% as net absorption of units outpaced the additions to inventory. This represented an increase of 0.2 percentage point from the prior quarter, and was 0.2 percentage point shy of its cyclical peak of 90.3% that was reached one year earlier. As of the fourth quarter of 2015, occupancy was 3.3 percentage points above its cyclical low of 86.9% during the first quarter of 2010.

    The occupancy rate for independent living properties and assisted living properties averaged 91.4% and 88.4%, respectively, during the fourth quarter of 2015. When compared to the prior quarter, the occupancy rate for both independent living and assisted living increased by 0.2 percentage point. Occupancy for independent living was still 0.1 percentage point above year-ago levels, compared with assisted living, which was down 0.5 percentage point from the fourth quarter of 2014.

    During the fourth quarter of 2015, the rate of seniors housing’s annual asking rent growth was 2.6%, which was 0.1 percentage point above the prior quarter’s pace and unchanged from its pace one year earlier during the fourth quarter of 2014.

  • Reply to

    Sector as a whole looks pretty Good for fundamentals

    by msears99 Jan 12, 2016 11:01 PM
    msears99 msears99 Jan 31, 2016 10:08 PM Flag

    Jonesey...your gonna made a MIT full soon enough...FVE was driven down as the sector dropped...and will recover very fast... at this point it's a no brainier to back up the truck...occupancy should be stable..and I look forward to some pretty nice Ebitda numbers comming from Q4 results.

  • Reply to

    Sector as a whole looks pretty Good for fundamentals

    by msears99 Jan 12, 2016 11:01 PM
    msears99 msears99 Jan 21, 2016 9:25 AM Flag

    Ohh ya ..you also called brookdale from $35 to$14.25.. and a china slow down from9.5% growth to sub 5.....

    your either the grand wiszzard..or Fred Flinstone as the Grand Poobar.

  • Reply to

    Sector as a whole looks pretty Good for fundamentals

    by msears99 Jan 12, 2016 11:01 PM
    msears99 msears99 Jan 21, 2016 9:14 AM Flag

    Jonesey..... my lord get back on your prozack.... The russel index sells off..and your taking the credit..sheshh..

    next thing your doing is pumpping oil with kewait... ya you called $26 oil also... LOL

    With an offer on the table for $6.50 fora realestate alone... FVE looks pretty safe right now... And weather it goes lower on a temp basis will have everything to do with an index sell off than FVE as an entity.

  • Reply to

    Sector as a whole looks pretty Good for fundamentals

    by msears99 Jan 12, 2016 11:01 PM
    msears99 msears99 Jan 13, 2016 10:19 AM Flag

    we know that sandman... what is on the positive note ..was FVE hit a pretty nice EBITDA number last Q..some where is the 9.2 mil area....meaning were presently trading somewhere is the 4X ebitda range..which is cheap... considering we have probably 400 miliion in net shareholder value here min.

  • Reply to

    Sector as a whole looks pretty Good for fundamentals

    by msears99 Jan 12, 2016 11:01 PM
    msears99 msears99 Jan 12, 2016 11:04 PM Flag

    In its fourth quarter market fundamentals Map Data, occupancy rates, which rose slightly for the first time in 2015 in the third quarter, continued their upward trend, bucking seasonal concerns.

    Overall, the market breached the 90th percentile, gaining 0.2% in occupancy to end the year at 90.1%, 3.3 percentage points above its cyclical low during the first quarter of 2010. In the last three months of the year, both independent living and assisted living saw a minimal rise in occupancy rates, while nursing care dropped marginally from the previous quarter.

  • “Since its low point in the second quarter of 2015, the seniors housing occupancy rate has increased by 40 basis points, but remains 20 basis points below its most recent cyclical peak in late 2014,” Beth Burnham Mace, chief economist for NIC, said in a prepared statement. “This shows that demand has generally been able to keep pace with the significant growth we’ve seen in supply and speaks to the relatively solid fundamentals in the sector.”

  • Reply to

    How Low Can It Go

    by sandollor2000 Jan 11, 2016 12:27 PM
    msears99 msears99 Jan 12, 2016 8:30 AM Flag

    Canadian dollar

  • Reply to

    How Low Can It Go

    by sandollor2000 Jan 11, 2016 12:27 PM
    msears99 msears99 Jan 11, 2016 2:21 PM Flag

    I dont concern myself with the latest action... when funds sell the idex..Fve will come under pressure...there no intentionally selling off FVE... This will create a very good opprtunity once the pressure is ended.... the problem I have is the CND dollar is tanking along with it...

  • Reply to

    How Low Can It Go

    by sandollor2000 Jan 11, 2016 12:27 PM
    msears99 msears99 Jan 11, 2016 1:39 PM Flag

    FVE is part of the russel index... the index sell off the selling pressure for FVE will continue for a while....

  • Reply to

    Five Star Filing

    by floridasportsgirl Dec 21, 2015 9:27 AM
    msears99 msears99 Jan 8, 2016 2:52 PM Flag

    lots of stuff in the wind right now... BKD,CSU both down breaking new low... FVE is in alot of funds... what we do know were worth a min of $6.50 a share on our realestate alone

  • Reply to

    Buy Out Offer

    by sandollor2000 Dec 30, 2015 9:21 AM
    msears99 msears99 Dec 30, 2015 1:32 PM Flag

    CUSIP No. 33832D106
     
    (1) Names of reporting persons
    William F. Thomas

    (2) Check the appropriate box if a member of a group (see instructions)
    (a)
    (b)

    (3) SEC only

    (4) Source of funds (see instructions)
    PF, OO

    (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    (6) Citizenship or place of origination
    United States

    Number of shares beneficially owned by each reporting person with:

    (7) Sole voting power
    320,511

    (8) Shared voting power
    2,689,242

    (9) Sole dispositive power
    320,511

    (10) Shared dispositive power
    2,689,242

    (11) Aggregate amount beneficially owned by each reporting person
    3,009,753

    (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

    (13) Percent of class represented by amount in Row (11)
    6.1%

    (14) Type of reporting person (see instructions)
    IN
     
     
     
     
    CUSIP No. 33832D106
     
    (1) Names of reporting persons
    Robert D. Thomas

    (2) Check the appropriate box if a member of a group (see instructions)
    (a)
    (b)

    (3) SEC only

    (4) Source of funds (see instructions)
    PF, OO

    (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    (6) Citizenship or place of origination
    United States

    Number of shares beneficially owned by each reporting person with:

    (7) Sole voting power
    0

    (8) Shared voting power
    2,912,076

    (9) Sole dispositive power
    0

    (10) Shared dispositive power
    2,912,076

    (11) Aggregate amount beneficially owned by each reporting person
    2,912,076

    (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

    (13) Percent of class represented by amount in Row (11)
    5.9%

    (14) Type of reporting person (see instructions)
    IN
     
     
     
     

    CUSIP No. 33832D106
     
    (1) Names of reporting persons
    Gemini Properties

    (2) Check the appropriate box if a member of a group (see instructions)
    (a)
    (b)

    (3) SEC only

    (4) Source of funds (see instructions)
    WC

    (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    (6) Citizenship or place of origination
    Oklahoma, United States
     
    Number of shares beneficially owned by each reporting person with:

    (7) Sole voting power
    0

    (8) Shared voting power
    1,815,164

    (9) Sole dispositive power
    0

    (10) Shared dispositive power
    1,815,164

    (11) Aggregate amount beneficially owned by each reporting person
    1,815,164

    (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

    (13) Percent of class represented by amount in Row (11)
    3.7%

    (14) Type of reporting person (see instructions)
    PN
     
     
     
     
     
    CUSIP No. 33832D106

    Amendment No. 1 to Schedule 13D

    The following constitutes Amendment No. 1 to the Schedule 13D filed with the Securities and Exchange Commission by William F. Thomas, Robert D. Thomas and Gemini Properties on December 2, 2015 (“Amendment No. 1”). This Amendment No. 1 amends and supplements the Schedule 13D as specifically set forth herein.

    All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.  Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

    Item 4.  Purpose of Transaction.

    Item 4 of Schedule 13D is supplemented and superseded, as the case may be, as follows:

    On December 15, 2015, GPA, Inc. (“GPA”), an affiliate of the Reporting Persons, sent to Five Star Quality Care, Inc. (the “Issuer”) a Letter of Intent signed by GPA (the “Proposed LOI”) pursuant to which GPA proposes to acquire 33 senior living facilities (the “Assets”) owned by the Issuer and its subsidiaries (collectively, the “Sellers”), which constitute all real properties owned by the Sellers, for a proposed purchase price of $325,000,000, payable in cash at the closing of the transaction.  As disclosed in the previously filed Schedule 13D, the Reporting Persons earlier had proposed the transaction described in the Proposed LOI to the Issuer’s management and had the impression that the Issuer’s management did not respond favorably to the proposal.  The Reporting Persons do not have reason to believe that the Issuer’s management views the proposal more favorably at this point.

    The Proposed LOI would not constitute a binding agreement or obligation of any party to negotiate (in good faith or otherwise) to proceed with the proposed transaction and the terms and conditions set forth in the Proposed LOI would be subject to further due diligence and the terms and conditions to be set forth in a definitive purchase and sale agreement.  Pursuant to the Proposed LOI, any party could terminate the Proposed LOI at any time and for any reason or no reason upon 30 days’ written notice to the other party, provided that the Sellers could not provide such termination notice at any time prior to January 18, 2016.  If a fully executed Proposed LOI is not received by GPA on or before 5:00 p.m., Central Time, on the 22nd day of December, 2015, the Proposed LOI will be deemed withdrawn by GPA.

    Furthermore, the Proposed LOI states that the Sellers would agree that during the term of the Proposed LOI, the Sellers would not engage in any discussions or negotiations with another party regarding any purchase of any of the Assets or the business of the Sellers, or any merger, sale of substantially all of the Sellers’ assets or other extraordinary transaction which could interfere with, prevent or delay the transaction proposed by the Proposed LOI (the “Exclusivity Period”).  The Exclusivity Period would be binding on the parties to the Proposed LOI.  The Proposed LOI also contains standard non-disclosure and confidentiality provisions.

    The forgoing description of the Proposed LOI does not purport to be complete and is qualified in its entirety by reference to the full text of the Proposed LOI, which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

    In addition, a cover letter from William F. Thomas to Bruce J. Mackey, Jr., President and Chief Executive Officer of the Issuer, was included with the Proposed LOI (the “Cover Letter”).  The Cover Letter notes that a member of the Issuer’s management had stated at an earlier meeting between the Reporting Persons and the Issuer’s management that the Assets were not for sale.  While the Reporting Persons listened to and understand the views of the member of the Issuer’s management, the Reporting Persons continue to believe that a sale of the Assets to the Reporting Persons could help the Issuer to realize the value of the Assets while simultaneously raising the capital required to unlock the Issuer’s intrinsic, long-term value without diluting shareholders and without diluting the Issuer’s earnings per share.

  • Reply to

    Buy Out Offer

    by sandollor2000 Dec 30, 2015 9:21 AM
    msears99 msears99 Dec 30, 2015 1:19 PM Flag

    Five Star responds to Senior Star offer

    December 21, 2015
    Five Star Quality Care remains uninterested in Senior Star's $325 million bid for 33 of its properties, the company said in a Dec. 21 letter.

    “After careful review of your public filings and your letters, the Board unanimously determined to re-iterate the preliminary reactions provided to you on November 30, 2015:  Five Star's owned assets are not for sale,” Jennifer B. Clark, Five Star secretary, wrote in the letter to William F. Thomas, which was filed with the U.S. Securities and Exchange Commission.

    As McKnight's Senior Living previously reported, William Thomas and Robert D. Thomas, co-founders and managing partners of Tulsa, OK-based GPA Inc., senior living community owner Senior Star Management Co. and investment holding company Gemini Properties, made an offer to representatives of Newton, MA-based Five Star on Nov. 30, which was rebuffed. William Thomas subsequently filed related documents with the SEC on Dec. 2 and Dec. 15, reiterating why he thought accepting the offer would be a smart move for Five Star.

    In the Dec. 21 letter, Clark said that Five Star's business plan, which it believes is in the best interest of its shareholders, calls for expanding the number of communities it owns, not selling communities it already owns. “The continued ownership of a significant number of communities provides a stable base for Five Star's current and future operations,” she wrote. Further, Clark said, the company already is undertaking many of the initiatives that Senior Star suggested.

    Five Star Quality Care operates more than 260 senior living communities across the country — with offerings including independent living, assisted living, memory care, skilled nursing, rehabilitation and continuing care retirement — through its Five Star Senior Living division.

  • Reply to

    Buy Out Offer

    by sandollor2000 Dec 30, 2015 9:21 AM
    msears99 msears99 Dec 30, 2015 1:14 PM Flag

    You forgot is other bother....there a nice artical about the voting share count.

  • Reply to

    Buy Out Offer

    by sandollor2000 Dec 30, 2015 9:21 AM
    msears99 msears99 Dec 30, 2015 1:05 PM Flag

    I think we have some final year end selling ... then Portney will have a vested interest in driving up a share price to $6 a share... Maybe McKay does another major Aquisition.... hopefully we can go earnings positive at the end of Q1.... The GPA looks like there serious with there expressions filed through the SEC.... these guys are ready to protect there investment ...we.ve seen Portney do some crazy things in the past... So the share price will no get to ahead of anything until the news gets out..one way or another.... Undervalued we are for sure t this point.

  • Reply to

    Buy Out Offer

    by sandollor2000 Dec 30, 2015 9:21 AM
    msears99 msears99 Dec 30, 2015 12:37 PM Flag

    well sandloor... As it stands GPA Gemini Partners Association... Is holding about 15.4% of the float... they have sent a letter of expression with a a base offer of 325 million all cash for 31 owned facilities.... Portney has made an outright rejection... Deadline was Dec 22 from GPA.....

    these guys have had shared for years and years...and have now become active...next move should be coming in the new year.

  • Reply to

    Five Star Filing

    by floridasportsgirl Dec 21, 2015 9:27 AM
    msears99 msears99 Dec 29, 2015 12:45 PM Flag

    I'm looking for the GPA to heat thing up in the new year... Setting up a nice base until then.

FVE
2.09-0.20(-8.73%)Feb 9 4:02 PMEST