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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: John Pitera who wrote (1212)6/6/2000 8:12:00 AM
From: Logain Ablar  Read Replies (1) of 2850
 
Morning John:

On the Healthcare REITS as the article indicates you have to be very selective. Many of the care centers were hit hard when the medicare reimbursement laws changed a few years ago and they not only couldn't increase revenue but had significant decreases.

I'll discuss this with my brother in law on father's day. He had the forsight to sell his elderly hospital chain right at the peak (I remember his comment the law was changing, it was going to be more difficult to make money and he needed to close the deal prior to Dec. 31) and he now consults vs. owns.

The company which purchased his chain (I think it was 7 facilities, not sure of the bed #) did the classic over leverage spinning the land and building into a reit and these reits will be hurt by the rising rates.

Many REITs should have done well recently just due to thier defensive position in a bear market.

Tim
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