You are legit the only person I trust analyzing this stock. I’m in MA, and new people who were negatively affected by Stewards shenanigans. So it was interesting to learn about the fundraiser you mentioned in a previous video. You had previously said you would be “all in” if MPW sold $600-mil. Does this recent deal change your perspective ?
Thanks for your trust. Just remember I’m just an investor and am wrong just as much as I’m right usually. The sales are encouraging. Currently, I’m set to exit the name at $5 to $5.5 if the price reaches or supersedes that price level by the 19th. If at the time of the next quarterly report I see a significant amount of money being used to settle debt without much slippage I’ll be forced to become more bullish than I currently am. 👍
@@SlavElenkov appreciate the reply. Don’t worry; I’m not betting the house on MPW or anything. I just like how you identify specific factors tied to easily identifiable metrics ($200 million assets sold= bearish/ 600 million = bullish), as well as your debt to bed sale analysis. I wouldn’t say I’m “bullish” on them, but I’m keeping my longs. Time will tell. Thanks again
I think that's part of it. Receivables went down $303 million. But property/plant/equipment has been bleeding at a similar rate to total assets. Accounting for REITs is pretty frustrating to read through.. but anyway, my point stands. Assets bleeding faster than debt.
I think same as you…too much energy thinking time in that company…I have 4000 at 5.20 and I like too stay with 500 or 1000, I don’t know now the rest goes out with calls… greating Michael Weder
You may be right, but we also have to factor in the risks of things getting even worse. As far down as this company is, it can get worse. Operating hospitals seems to carry more risks than most people anticipated. Also, if one operator is having issues with reimbursements, chances are they are not the only ones. Either that, or they are BS’ing about reimbursements being weak from the govt.
I think we are attributing too much of MPT to Steward's performance. MPT makes money and pays down debt with rent, not just asset sales. Steward only accounts for 20% of this rent and most of MPT's tenants pay on time. I appreciate these videos and encourage you to make more - I will watch them all.
I hear what you are saying, however they only manage to pay down 40-50 million in debt per selling a 500 million of properties. end cash is the same =((( i don’t think their rent received is enough to account for their expenses and make meaningful headway into the dent picture. i think this will take longer to unfold with added downside risk of another hospital chain blowing up. =\\\
@@SlavElenkov This may be an issue of debt interest and maturity more than a fiducial scandal. They seem to be holding the money for interest bearing reasons and possible dividend payment.
@@Sanddollar1We’ll find out, but the dividend doesn’t look like it’s getting paid this time around. As far as paying off debt - yeah, but they usually do it as money comes in. They usually like to keep around 250 mil on hand at all times.
I’m sure some of it did not age well, but in the video I explicitly say that the next couple of quarters will look really good, and I hope to use that opportunity to exit.
Link to the article: www.yahoo.com/news/steward-healthcare-blasted-federal-hearing-220114111.html
You are legit the only person I trust analyzing this stock. I’m in MA, and new people who were negatively affected by Stewards shenanigans. So it was interesting to learn about the fundraiser you mentioned in a previous video. You had previously said you would be “all in” if MPW sold $600-mil. Does this recent deal change your perspective ?
Thanks for your trust. Just remember I’m just an investor and am wrong just as much as I’m right usually.
The sales are encouraging. Currently, I’m set to exit the name at $5 to $5.5 if the price reaches or supersedes that price level by the 19th.
If at the time of the next quarterly report I see a significant amount of money being used to settle debt without much slippage I’ll be forced to become more bullish than I currently am. 👍
@@SlavElenkov appreciate the reply. Don’t worry; I’m not betting the house on MPW or anything. I just like how you identify specific factors tied to easily identifiable metrics ($200 million assets sold= bearish/ 600 million = bullish), as well as your debt to bed sale analysis. I wouldn’t say I’m “bullish” on them, but I’m keeping my longs. Time will tell. Thanks again
Nice vid, that take on total assets declining much faster than debt was interesting. I didn't notice that
Could this asset reduction be caused by those steward write offs?
I think that's part of it. Receivables went down $303 million. But property/plant/equipment has been bleeding at a similar rate to total assets. Accounting for REITs is pretty frustrating to read through.. but anyway, my point stands. Assets bleeding faster than debt.
Monday the 15th thinking it will break 5.00 on the news today. Will see if it can hold & test 5.77
That would be great. Lets find out 👍👍
Nice vid man
Thanks, hope it helps people make a more informed decision.
I think same as you…too much energy thinking time in that company…I have 4000 at 5.20 and I like too stay with 500 or 1000, I don’t know now the rest goes out with calls… greating Michael Weder
Mpw could do such a better job at being transparent. Management is really starting to piss me off.
Agreed.
but who cares if it takes a year or so. Its a 100% return, so 50% annualized or so over two years. people discount future events too much
You may be right, but we also have to factor in the risks of things getting even worse. As far down as this company is, it can get worse. Operating hospitals seems to carry more risks than most people anticipated. Also, if one operator is having issues with reimbursements, chances are they are not the only ones. Either that, or they are BS’ing about reimbursements being weak from the govt.
My guy, did you exit your position?
Buy high, sell low 😅
correct. i thought that’s how you do it 😂🫡
I think we are attributing too much of MPT to Steward's performance. MPT makes money and pays down debt with rent, not just asset sales. Steward only accounts for 20% of this rent and most of MPT's tenants pay on time. I appreciate these videos and encourage you to make more - I will watch them all.
I hear what you are saying, however they only manage to pay down 40-50 million in debt per selling a 500 million of properties. end cash is the same =((( i don’t think their rent received is enough to account for their expenses and make meaningful headway into the dent picture. i think this will take longer to unfold with added downside risk of another hospital chain blowing up. =\\\
@@SlavElenkov This may be an issue of debt interest and maturity more than a fiducial scandal. They seem to be holding the money for interest bearing reasons and possible dividend payment.
@@Sanddollar1We’ll find out, but the dividend doesn’t look like it’s getting paid this time around. As far as paying off debt - yeah, but they usually do it as money comes in.
They usually like to keep around 250 mil on hand at all times.
This did not age well
Yeah. The “dividend suspended” part especially
No-one had any information prior to most recent releases. I think it was a safe assumption. Hind-sight is 20/20
I’m sure some of it did not age well, but in the video I explicitly say that the next couple of quarters will look really good, and I hope to use that opportunity to exit.