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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (15722)11/1/2002 11:26:19 AM
From: Bob Rudd  Read Replies (1) of 78525
 
Paul - HRC 'Put differently, I spit on Chairman Scrushy...the slimeball. (-g-)' Ditto.
Picked up some THC today @24.2 ...I think the Calif flap is much ado about nothing The local paper ran a piece indicating the hospital isn't in the Fed's crosshairs
redding.com
That said, I'm more in this for the bounce than the long haul given my aversion to business models with gov't exposure [33% rev is medicare-cade]...I expect the California issue to be fully explained at the press conference and this should produce a bounce. This is definitely in the risky speculation category despite attractive multiples.
THC @25.5 would be trading at 15+% dicount to hospital group on EV/EBITDA basis 6 vs 7.1, lows for both THC & group.
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