by Steve Monroe | Apr 27, 2023 5:28 pm | Opinion
The Ensign Group posted another solid quarter, beating its forecasts by a bit, but not by enough to get investors excited. The shares traded down by about 3.6% on a day that the overall market was up by about 2%. The 52-week range is $70.29 to $102.26 per share, and... Read More »
by Steve Monroe | Apr 11, 2023 5:04 pm | 60 Seconds
I have been uncharacteristically quiet about the news last month from the People’s Republic of California, or should I say, from Comrade DA George Gascon of Los Angeles. No more. I am referring, of course, to the criminal charges against Silverado, its CEO Loren... Read More »
by Steve Monroe | Apr 11, 2023 5:01 pm | Opinion
Late on April 10, Brookdale Senior Living reported its March occupancy results, and disclosed that preliminarily, the first quarter financial results looked to be better than originally forecast. The market pounced on the news that first quarter adjusted EBITDA would... Read More »
by Steve Monroe | Apr 11, 2023 4:59 pm | Acquisitions
Just weeks after AlerisLife was taken private in what we would call a bit of an inside deal, the REIT that owns most of its assets, Diversified Healthcare Trust (DHC), is being merged into Office Properties Income Trust (OPI), an office REIT with current tenant... Read More »
by Steve Monroe | Mar 31, 2023 9:32 am | Opinion
When we read Sonida Senior Living’s recent fourth quarter earnings report, we had already heard that it contained the dreaded “going concern” caveat. While not surprising, what was surprising was how glowing the highlights were. Management “was thrilled with... Read More »