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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 11:21:00 AM
From: wlheatmoon  Read Replies (1) of 2850
 
john,

my own take on the healthcare REIT's are from a personal perspective in working in the environment and not from perusing through the numbers.

my perspective is that there are simply too many hospitals and many of them are poorly run. the competition is fierce and the general trend of healthcare is away from the hospital. hospital care is down and number of hospitalized days are being reduced. it is much cheaper to do some of the care outside the hospital.

i know a little about tenet healthcare. they bought out a bunch of hospitals in the philly area after allegheny health care overextended themselves and went bankrupt. many of the models and goals pursued by these guys just don't work.

my own personal exposure to the problems make me wary of investing in them.

mike
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