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Technology Stocks : John, Mike & Tom's Wild World of Stocks
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To: John Pitera who wrote (1355)6/21/2000 1:49:00 PM
From: Logain Ablar  Read Replies (1) of 2850
 
John:

This weekend I had a chance to discuss the nursing home industry with my brother in law (ex owner of a chain of 6 homes). His feeling / comments are:
 the nursing homes may have bottomed out from an operating perspective. Revenue should not see the drop caused 3 years ago with the reimbursement cuts from Medicare / medicaid.
 Most of the chains that acquired homes with debt in recent past should still be avoided. The paid too much (I assume part of the reason he sold). Even the debt is risky unless the price is right. If you were to invest the way would be thru the debt or REIT's.
 He?s not ready to reinvest back in. Still feels too much risk vs. return. He fears many of the chains have been cutting corners on service and are now open to lawsuits (he?s an attorney and writing a legal paper on this)
 The REIT?s which own the property can be a good investment as long as the revenue stream is safe.

Just some comments to add to our discussion from a few weeks ago.

Tim
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