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Biotech / Medical : ALI - bright future in assisted living? -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (15)	10/23/1999 5:45:00 PM
From: John Soileau	Read Replies (2) \| Respond to of 25

Little article in Fortune (or was it Forbes) about ALI this month. Says this private-pay company was thrown out with the Medicare-paid bathwater, hard to argue with that. The article said the best way to play ALI is with the convertible bonds, now way underwater, but yielding a whopping 17%. A bonus on top of that yield would be if the price recovers to a point where the bond could convert. I'm more inclined to jump in the common shares now, they are way beaten down. I think the stock will be up significantly if held a year or two, downside from here looks negligible. Comments?