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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (9618)	1/11/2000 4:36:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78748

$65,000 is probably high for much of what SNH owns. Traditional nursing homes, you might think about $30-35K/bed. The lower quality stuff in the portfolio maybe 25K, but then the senior apartment segment of the portfolio is more valuable. Sell side analysts are funny. AG Edwards downgrades SNH to a "Maintain Position" (that's a new one to me) and has it categorized as "Speculative". It would be interesting for me know know whether they have technology or telecom companies they recommend at 100 times earnings classified as "Speculative".