Leave a comment

BUYING INTO HEALTHCARE. BUY MORE UNG AT $7.89

April 6, 2017

The bumbling morons known as the Republicans are now going on vacation for two weeks.  What a disgrace.  Can the Washington cess-pool get any worse?  Americans should kick out the crooks and start over.

_____

Medical Properties Trust MPW has been on a roller coaster ride;  $17.50 down to $10.50 up to $15.50 and right now $13.34, right in the middle of their history.  What a ride.

We have been looking at MPW for several months and have not been comfortable in pulling the trigger.  They have been having problems (as detailed in the link below) but we really want the 7.00% yield.

Yesterday we noticed a discussion on seekingalpha that looked at MPW.  After reading the article (go to link) we have decided to buy MPW.

Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, as well as working capital and other term loans to its tenants/borrowers. As of February 24, 2011, its portfolio consisted of 58 properties, including 22 general acute care hospitals, 17 long-term acute care hospitals, 9 inpatient rehabilitation hospitals, 2 medical office buildings, and 6 wellness centers, as well as 2 non-owned general acute care facilities. The company has elected to be taxed as a REIT under the Tax Code. As a REIT, it would not be subject to federal income tax purposes, provided that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 2003 and is based in Birmingham, Alabama.

https://seekingalpha.com/article/4060377-high-yield-reit-portfolio-heading-q2-17

_____

GO TO CORE PORTFOLIO to see current positions.  (A donate button has been added if you would like to contribute to the cause.)

We are still playing the UNG trade and will buy more if the prices and momentum continues over $7.89.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: