The below csttements are confusing
Press release of 20 Sept 2013 as to the Re-hab hospital contained the following
When the hospitals' sale and operations transfer are completed, FVE expects to realize cash proceeds of between $6.5 million and $7.5 million by retaining its working capital investment in these hospitals. Also, upon completion of this sale and transfer, FVE will be relieved of rent obligations totaling approximately $11.5 million per year, including rents to SNH and rents to third parties.
In the 4th qtr report
As of December 31, 2013, we and SNH completed the transfer of operations and sale of the real estate at two rehabilitation hospitals and 13 out-patient clinics affiliated with those rehabilitation hospitals, which were previously disclosed as held for sale and discontinued operations. We previously leased the rehabilitation hospitals from SNH and the out-patient clinics from others. As a result of this transaction, SNH received proceeds of approximately $90.0 million for the sale of the real estate associated with the rehabilitation hospitals, we retained certain net assets of approximately $9.6 million and our annual rent payable to SNH and others decreased by approximately $11.5 million. In 2013, we recorded losses of approximately $2.2 million relating to closing costs and legal fees associated with this transaction and we incurred $2.6 million of non-cash asset impairment charges to reduce the fixed assets we owned which are related to the rehabilitation hospitals
Sounds like FVE did not get any cash out of this just stuff that they had put into it to run the facility. This was a bad deal from the start jsut a favor for SNH to take over the running of it. Not in the FVE business model just benifited others as usual.
I learned that same lesson. I bought & sold twice in the low 5's and bought back and kept buying nto the report.It took me back about 5 months in trading profits.
msears You need to call or write the company and let them know these things. You know the old saying a squeaky wheel gets the greese.
A lot of what you say are valid questions but you need to address that to investor relations.
BTW can you spell your name because you sure cannot spell others. here it is as per the insieder transactions section their proper names.
McKay and Hodland not correct but look below.
MACKEY BRUCE J JR
HOAGLAND PAUL V
MACKEY MACKEY MACKEY
I may get to flying on the keyboard and make errors but names are names especially when you throw them up so often.
This was a prior post of my Opinion of ETF's.
ETF's are like leaky tires.
Only difference is you reverse split them vice airing them up.
Or actually that is probably the same thing.
Portnoy is a director in Six or more publicly traded companies to include FVE GOV HPT SIR SNH & TA and of course the private company RMR
He is a powerful person But If he is and or were to pull some highly illegal or questionable tactics he could suffer long term restrictions in his role with Publicly Traded Companies
I would hope that he is aware of this and acts accordingly in his role as director in any of these companies.
He has control of a lot of aspects of these REIT's.. In the end he has to comply with SEC regulations.
PORTNOY BARRY M: Declared Holdings
Company/Relationship Reported Shares Ownership
Five Star Quality Care, Inc. Co
(historical quotes, profile, other insiders) 16-May-13 201,622 Direct
Government Properties Income Tr
(historical quotes, profile, other insiders) 29-Jul-14
Hospitality Properites Trust Co
(historical quotes, profile, SEC, other insiders) 10-Jun-14
Select Income REIT Common Share
(historical quotes, other insiders) 2-May-14
Senior Housing Properties Trust
(historical quotes, profile, SEC, other insiders) 5-Jun-14
TravelCenters of America LLC Co
(historical quotes, profile, other insiders) 19-Jun-14 78,912 Direct
Did you guys notice that gold equitys had fairly high volume (most above avg) and were up a tad then lower. I surfed a few boards amd a lot saying next week down..
#$%$ does the $XJY chart mean anything to you?
Dickie my source said on 27 March silver up to around 21ish and then down.
Not being a chart guy but using the info provided I say about 4 weeks more down silver. that is as far as I can see now. (charts I can see what is there but cannot project data)
Sorry my source appears and disapears he has not been around since April
also JMPR was said down to 21ish and to 34 most probably in 2015 we saw teh 21.95ish a couple months back
2016 thu 2018 deflation coming after a continued up then hyper inflation long term
But what do I know I am a bottom feeder TTEK DSW VOXX DTLK BLOX THOR only two of those left in the portfolio along with 2 or 3 dogs waiting for a lift.
I don't quite understand that post Dickie but on the other hand I had 600 ANV that I let go today at a profit of 2.00 before it slipped back a bit.
hold AG, EGO and some under water IAG
There ws a sell off of the reits but that started at around 14:00 and was most of that bunch CWH SNH SIR etc some losing near 4.8%
But the FVE sell off was much earlier around 11:15 and not as drastic as FVE I am refering to BKD CSU VTR etc
You can bet those financials that we need are available but there is a lack of bolstering the share price and to just let it slide with uncertan results and the lack of along with the distrust of this managment.
I found this post in my secret stash & it is probably the only copy. from back in April
I was watching a documentary on gold & they mentioned the move down in silver in 2008 from 21.44 to 8.40, so I brought up a 7 year weekly chart of silver. I have never seen a more clear chart!
Take a look at it & you'll know EXACTLY where silver is going in the next several months. Even the target is a picnic to calculate!
Dickie Any comments??
ETF's are like leaky tires.
Only difference is you reverse split them vice ariing them up.
Or actually that is probably the same thing.
As to this ** as RMR is forcing the play by failure to disclose financial's.
This is the problem as RMR should have nothing to do with FVE financial's They are the noose around FVE's neck. We need to campaign for a change in the BOD to get control of FVE from RMR
The BOD & their self serving greed needs to be put out.
FVE houses the cream of the crop in the makeup of the residence catering mostly to the private pay client.
This is a jewel of an equity but the leeches need to be cast out. I believe we all agree on this and need to act accordingly and actively prusue such an end.
Those shares are peanuts compared to their take from the control and $$ going thier way through Their companies i.e. RMR. Margins those are the margins that I would love to see. Those of RMR.
You see nothing that is not there. Plenty of time to go either way on that report as far as the last delay. What I am wondering is when the SEC will give them wqrning and or limits. Also the NYEX for that matter.
What is actually going on is more of the same nothing but manipulation of the share price down.
I agree with some of what you say but as for making it unattractive for take over that would be seen through by a savy suitor. Fve's board of directors have basicly done that thru other means.
As far as something being up that is most likely so. I believe the culprit is known and ready to make a move to cement a hold that has been years in the making. I also believe that some of the barrier around this equity are illegal and braakable. After all this is not China nor a China equity.
In the forefront of manipulation is the total lack of financial reporting.
Secondary is the ask bid This equity is showing a lot of churn over time and this would suggest a push down of the equity price.
looking at the Major holder ownership there is not a lot of overall change as of mid year.
Giving 20 to 21 trading days a month at an average day volume of say 140,000 and lets crank in late reporting at least 6 months behind and a bit of compounding due to multiple reports due I would say the 140,000 is conservative though I could figure it out day by day.
that would be a good 16 to 17 mil shares traded in those 6 months of pressure due to lack of reporting. With churn figured in for the push I'd say actual sellers are few.
In that sense the manipulation would be due to the core factor of financial reporting.and that being somewhat an irregularity caused by managment..
Any further comment on that would go to another recent post.