Comments

  1. It's highly unusual for public companies to shed any assets but it seems like CEO, Paul Diaz, is following the advice of "sticking to his knitting" and taking advantage of a low stock price to work out a divestiture that recapitalizes the company by pruning outlier properties.
    With a stock price high of about $25 per share in 2011, the current roughly $10 per share stock price is obviously significantly lower and this type of transaction may be the "shot in the arm" necessary to pull the company's value back into higher ranges.
    Chris Foley
    CPA (Retired)
    Equity National Seniors Housing Brokerage & Advisors
    cfoley@Equity.net