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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Ditchdigger who wrote (56228)1/11/2023 1:24:41 PM
From: Johnny Canuck  Read Replies (1) of 69852
 
I think the concern for OHI was that the federal government would cut subsidies for the care of the elderly. That would affect the long term viability of the long term care facilities. Combine with the bad news stories during the pandemic of the mal-treatment of seniors I think that short term soured people on the company.

I have them for a brief trade but decided I did not like the story. The growth model is supposed to be an aging population but the elder care industry has taken some hits over the years.

Current P/E is about 16. Forward P/E is 17.6. It looks like there is a modest contract on the earning side next year predicted.

finviz.com
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