Housing Slump Hurts Assisted Living Operators

Late last week the associated press ran an article on how senior housing and assisted living operators were lowering their guidance and forecasts as housing prices continue to fall and sales stagnate. These baby boomers and many retirees are choosing to remain in their homes and stick it out rather than selling for a lesser […]

Seniors Delay Retirement & Move to Retirement Homes As Nest Eggs Crack

The front page headline of today’s Wall Street Journal proclaims “American’s Delay Retirement As Housing, Stock Swoon“. Senior’s largest net asset as a percentage of net wealth has traditionally and statistically been dominated by home equity. The article profiles one couple’s struggle to sell their $250,000 home after many months and this is after a […]

Sunrise Senior Living Keeps Its NYSE Listing

Sunrise Senior Living finally filed its 2006 annual report that restated earning from $80 million dollars to approximately $20 million. With the filing, Sunrise avoided having its common stock listing suspended by the New York Stock Exchange. The restatement of earnings dates back to 1996 corrects aggressive accounting practices with respect to its reimbursable contract […]

Credit Crunch Adding Weight to Sinking Ship Called Sunrise Senior Living?

On Tuesday, Sunrise Senior Living (NYSE:SRZ) announced that its expects to take additional pre-tax charges of $22.8 million dollars in the 1st quarter of 2008 and also expect to book an impairment charge of $50 million dollars associated with its hospice line of business. This announcement follows the the company’s suspension of most of its […]

Barron’s Article: Senior Housing Stocks Looking Good?

For the most part, it’s a safe bet to be long on senior housing according to an article in Barron’s this weekend.  For those of you who don’t subscribe to Barron’s Weekly, there was an article in the paper over the weekend touching on the theme that anything housing-related has taken a beating in the […]