U.S real estate continues to drive forward.....I don't see many road blocks in front of us hitting $7.50 by year end.......
way to much momentum working in our favour....as the wheels are at work to unlock our Value
Investment App.....I liked your article as a general reference....The housing tailwinds should continue support the seniors housing sector as a whole alone with demographic support of the baby boomers and the present silent generation...most of the greatest generation are almost all gone....New seniors housing construction along with absorption numbers continue to play in our favour...relatively low.
Brookdale the largest.public senior housing operator will eventually convert to REIT and spin it's management operations....as did sunrise seniors a few years back.....I believe Portney is setting up SNH and FVE the same way......With his new formation shareholders will get a look at all the operational metrics of RMR...Yes shareholders we're held up by Portney ....but as Portney gets his cash out....the market should reward shareholderrs with a higher than present metric..
Jonesey, why do you keep hangin around...hoping to find a few crumbs...why don't you debate Arthur Williams....he.s the guy that doubled his position to 5%. Why would a private seniors housing firm take up his only position into Fve.....that's what you should be debating....not weather we get a .20c correction in the stock price..sheshhh boy...I don't mean to keep whipping on you...but give me some insights on your though structure...Portney this..Portney that... The world knows all about the Portney factor....Let's taalk about the Brookdale factor..what happens when it converts and FVE becomes the biggest operator ?How much of a bump comes with that....nobody reads Seeking alpha...the was no no Fve bump....Q2 and Q3 should show very decent ebitda numbers.....and FVE is way discounted so it's an easy buy and hold for now.
Could mean something is in the works......
Some type of merger would put FVE in a Reit conversion ..or spin-off situation...
our discount would almost instantly evaporate.....
Big #$%$ volume and price spike to close the week... some Multi-Nationals buying up a few hundred thousand at market price..scopping what they can.... can you smell what the market is cookin jonesey.
I think FVE..or SNH will take a run at private firm Seniors Star... They have about 12 owned communities in IL.AL, and Memory Care....
They could become a patch over to five star seniors... so obviously Auther Willams is setting himself up for a seat on the board.... This guys knows senior housing..and obviously thinks FVE is a great deal at these prices.
Does.nt take any other position in any other other company..just FVE...ever...one company...more than interesting
Its funny this guy doubles his initial position from his first buy in "2006"...never ever sold a share...then just recently doubles his holding to 5%......... This guy is wild... Either portney is going to buy him out...or Thomas is buying FVE... big private owner buys shares...and basicly says when the time is right we ll close a deal.
William F. Thomas. Doing a quick search, he is the owners and operator of a competing senior housing chain called Senior Star with ~3k units. There is also potential that William Thomas could potentially make a bid to purchase FVE's owned 3064 units to help unlock its value. Less
"back up the truck jonesey".... enougn of you red thumbs down..LOL we know its you !
I think the artical is conservative in its multipul discount...its more like 400% discount compared to its peers...either ways it looks like the bottom is in....
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The Long Case For Five Star Quality Care - 100% Base Case Upside Must Read | Jun. 24, 2015 8:49 AM ET | About: Five Star Quality Care, Inc. (FVE), Includes: BKD, CSU by: Investment Apprentice
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
•Five Star Quality Care (FVE) is a senior housing operator of ~30k senior housing units (beds) - including 3000 owned units.
•Owned assets is worth 50-115% premium over current stock price.
•Industry tailwinds of 8% population (demand) growth an
For my Hard Catalyst, I believe there is a strong possibly for current shareholders to launch a public campaign against FVE. There is significant unrest at the shareholder level. For the 2013 proxy, substantial voters either voted against or abstain from voting. The 2014 proxy (recently) was better, but still above average unrest. Also, there is an activist investor Osmium Capital, who owns ~5% of the company's shares as well. Osmium recently waged a campaign against Rosetta Stone (TICKER: RST) and has successfully put the company into a sale process. It feels like there is an opportunity for them to do the same with FVE.
Secondly, there is a large 5% shareholder named William F. Thomas. Doing a quick search, he is the owners and operator of a competing senior housing chain called Senior Star with ~3k units. There is also potential that William Thomas could potentially make a bid to purchase FVE's owned 3064 units to help unlock its value.
says even in bankrupcy FVE is worth 50-115% up-side from its current price... WOW
also nore two possible senarios for take out..
1) activist hedge fund has now taken a 5% position
2) large private senors housing player has taken a 5% position...
A joint venture of Health Care REIT and closely held Revera Inc. offered C$12 a share for Regal, one of Canada’s largest senior-housing owners, according to a statement from the companies Thursday. The bid is 27 percent more than Regal’s closing share price on Wednesday. All directors of Toronto-based Regal agreed to the transaction, which is set to close by the end of 2015, according to the statement.
Regal shares rose 28 percent to C$12.07 at 10:05 a.m. in Toronto, the most since the company had its initial public offering in October 2012.
Health-care real estate investment trusts have been expanding their senior-housing operations in North America as demand for the properties increases with the aging population. Toledo, Ohio-based Health Care REIT acquired Canada’s HealthLease Properties REIT for C$950 million in 2014.
Regal owns 23 private-pay retirement communities with more than 3,600 suites, primarily located in Ontario.
Drawings under the new facility will bear interest at LIBOR plus a spread of 250 basis points. The new facility is secured by 15 senior living communities with 1,549 living units owned by FVE that have a total assessed value of approximately $230 million. FVE also continues to own an additional 12 unencumbered senior living communities with 840 living units.
I agree with our future propects improving..Our monthly ave rents are increasing..we ave higher ave rents and more luxury operations... we also have alot of closed units comming on stream from conversions and retro renovations.... Mckay is not affraid to re-invest on our properties..never has been... No were in a great spot right now... According to yellan...The U.S economy is on track...I see nothing but better opportunities ahead.
23 building for 766 million..........
we have 30 owned no debt...I'd say an even 1 billion for our assets would be resonable.....
June 18 (Reuters) - Health Care REIT Inc and Revera Inc agreed to buy assisted living services provider Regal Lifestyle Communities Inc for about C$374.4 million ($308.5 million) in cash to expand in Canada.
The companies will pay C$12 for each of Regal's outstanding shares, a premium of 27.1 percent to the stock's closing price on Wednesday.
The equity value of deal, which is expected to close in the second half of the year, is based on 31.2 million Regal shares outstanding, according to Thomson Reuters calculations.
The deal has an enterprise value of C$766 million, Health Care REIT and Revera said.
Regal operates 23 senior housing communities, including 13 in Ontario, seven in Quebec, and one each in British Columbia, Saskatchewan and Newfoundland. It gets about 83 percent of its net operating income from Toronto, Montreal, Ottawa and Vancouver.
The deal is expected to be immediately accretive to funds from operations and funds available for distribution per share, Health Care REIT and Revera said.
With the increased news of large mergers on the Forfront in the healthcare sector.... The summer months should be very interesting.
Jonsey.......If Portney was nt involved we be trading at a market cap higher than CSU...sheshhh boy...that's 4x folds higher than we are.....We have altleast 150 million more in shareholder equity according to the sec filings...yet trade at a 600 million dollar discount to its closest most related peer..... Are you getting me yet boy..... the Portney discount should be 25% ...not 400%.... That's why we're going higher...much higher over the next few quarters.