Well, looking at two sectors highlighted as being in the dumps recently, health care and REITs, with insider buying.
I've taken an interest in Vencor (VC), an acute and long-term care operator, and am digging deeper. I dealt with them as a physician in Memphis, and really appreciated what they have to offer - getting the patient out of the hospital despite having significant medical needs, even a ventilator. A fraction of book and a fraction of sales, they're 2 billion+ company trading at less than 300 million, with negative earnings currently. They are moving to a prospective payment system which can be good, I'm digging into it. Signs of a management turnaround, with one old geazer supposedly leaving. Just seems extremely cheap with longstanding insider buying at this level, but I'm looking into the payment system right now.
Interesting aspect of Vencor is it's real estate assets, and there's a big proxy for distribution from March which I haven't gotten through yet. Jim, do you know this one?
Also looking again at LaSalle Hotels. I bought and sold in less than a week when it jumped from 8. Jim, any updates on this one at less than 11 now?
Mike |
