Wow, I never imagined it was that bad. I grew up on a dairy farm and it wasn't long before larger "modern" dairy operations crushed all local farmers. The manipulation of "milk checks" caused most smaller family operations to sell out. I go back home today and you continue to see consolidation. Once ag land owned and operated by family and friends has become littered with corporate signage.
If they do sell their gold, it will only be because they have to...
meanwhile central banks around the globe continue to buy gold at record rates...
hmmmmmmmm
the decoupling between real gold prices and GLD is just incredible. Have you tried to actually buy gold or silver bullion? I can't buy it for any less than I paid for the past 2-3-4 years (within reason).
Seems to me the only real crash coming is in paper GLD not physical gold. Don't forget there is two mentalities around gold, people who hold forever (preserve their wealth) and others who want to make a quick buck.
1oz of gold would buy you a handmade Italian suit today, 2 years ago, 5 years ago, 10 years ago, 100 years ago, 1000 years ago.... say what you want, gold holds value.
Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. [View news story]
i just got an email from Apmex - "Available Inventory", Friday I could buy a Silver American Eagle for approx $29 a troy oz, today $31....
Market Correction: Where Is The Money Flowing? [View article]
No warnings, or alarm bells, just an observation. When looking at the Volume, MACD, KDJ, RSI, FSTO, and share prices...well it looks eerily similar to that period before the last bubble bust.
Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. [View news story]
try and buy physical, there is a huge disconnect in the paper and physical market... I can't find any physical metals selling anywhere near their paper prices...
Market Correction: Where Is The Money Flowing? [View article]
single family homes...the investment funds of the world are buying thousands of single family homes. One in particular also owns Home Depot. When they buy a home they only refurb it with all HD products. This stock has been on fire since late last year.
There is no slow in sight for investors buying homes and renting them, followed by pooling, and selling off the cash flow to overseas investors....can we say early formation of a bubble?, perhaps. The backlog of foreclosures will push millions more out of their homes in the coming years, they will need a place to rent.
I tell you this, investors are not buying homes to flip, they are buying and renting at record levels. The flight of $$$ seems to be into cash and cash flowing assets. the biggest opportunity WAS/is in single family homes.
Check out Innovation Homes, they are buying absurd amounts of the foreclosures on the market.
If you are in Chicago and trying to buy a home, its next to impossible to compete with these institutions for REOs.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
SNFs are extremely difficult to operate. In addition the smaller the building the more difficult it is since the staffing requirements by the state are similar to those of larger communities. It is important to note that ALC does not operate SNFs, they operate Assisted Living Communities some with memory care components. These are two distinctly different types of care.
Since private pay rates are often double that of Medicaid rates it becomes much easier to provide a higher level of care.
The transition from Medicaid to Private can not be forced upon anybody. As operating margins get squeezed any business needs to look at how to unlock value. In the Assisted Living Industry there is a greater potential for greater profits in a private pay setting. Many people are overwhelmed by the state regulations in place for Medicaid patients, so they choose to avoid that completely and offer only private pay. Another downside for communities offering Medicaid is that State budgets are always being squeezed. For example in Illinois there are numerous communities that are still waiting for their reimbursment from the State. In many cases it can take anywhere from 6 months to a year to get paid, meanwhile they still need to provide care. What do they do, they use their reserves, borrow as much as they can, and eventually if they can't keep up they fail.
You feel that this company is in trouble and I can appreciate your concern. The underlying assets of the company far exceed any liabilities they have... So even in a worst case scenario where the company had to liquidate everything, shareholders would still come out ahead, at least according to my analysis.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
I understand your concerns, it is important to point out they had higher occupancy when they accepted Medicaid residents. When they converted to private pay only (which gets much higher rents) their occupancy dipped significantly.
I think slum lord is strong, they don't really have bad care, their biggest problem was meeting the staffing requirements set forth by states. I'm speaking in general of course.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
The assisted living business is relatively new (maybe the last 20 years). Back then there was no REITs or national operators, it was all mom and pops. Each company had a model that worked for their operations and built communities that worked for their model. Fast forward to today the industry has significantly consolidated. A majority of these communities are owned by REITs and operated by national operators. Each timeperiod over the last 20 years has seen certain designs in certain states. As states and provides collaborate these designs get consolidated and state regulations look similar (think fire codes).
For ALC the if you look at their NW US communities (OR, WA) you will see what they built was much different than their acquired TX facilities. Those properties were much bigger and appear to have been designed to cater to both Independent Living and Assisted Living. With the crash of 08 Independent living has had a tougher time keeping occupancy up since baby boomers are living in their homes longer. In order to keep the community profitable they convert the IL units into AL units, and add memory care components.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
Demand will only continue to rise in senior housing. Independent living communities have struggled since the crash of 08' but assited living (ALF) and skilled nursing homes (SNF) are stable.
If you think about it, when you need care you NEED care. People don't usually willingly go into ALFs or SNF, it's because they have to go.
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
Short Gold For The Long Haul [View article]
Short Gold For The Long Haul [View article]
meanwhile central banks around the globe continue to buy gold at record rates...
hmmmmmmmm
the decoupling between real gold prices and GLD is just incredible. Have you tried to actually buy gold or silver bullion? I can't buy it for any less than I paid for the past 2-3-4 years (within reason).
Seems to me the only real crash coming is in paper GLD not physical gold. Don't forget there is two mentalities around gold, people who hold forever (preserve their wealth) and others who want to make a quick buck.
1oz of gold would buy you a handmade Italian suit today, 2 years ago, 5 years ago, 10 years ago, 100 years ago, 1000 years ago.... say what you want, gold holds value.
Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. [View news story]
Market Correction: Where Is The Money Flowing? [View article]
Market Correction: Where Is The Money Flowing? [View article]
Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. [View news story]
Market Correction: Where Is The Money Flowing? [View article]
Market Correction: Where Is The Money Flowing? [View article]
There is no slow in sight for investors buying homes and renting them, followed by pooling, and selling off the cash flow to overseas investors....can we say early formation of a bubble?, perhaps. The backlog of foreclosures will push millions more out of their homes in the coming years, they will need a place to rent.
I tell you this, investors are not buying homes to flip, they are buying and renting at record levels. The flight of $$$ seems to be into cash and cash flowing assets. the biggest opportunity WAS/is in single family homes.
Check out Innovation Homes, they are buying absurd amounts of the foreclosures on the market.
If you are in Chicago and trying to buy a home, its next to impossible to compete with these institutions for REOs.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
Since private pay rates are often double that of Medicaid rates it becomes much easier to provide a higher level of care.
The transition from Medicaid to Private can not be forced upon anybody. As operating margins get squeezed any business needs to look at how to unlock value. In the Assisted Living Industry there is a greater potential for greater profits in a private pay setting. Many people are overwhelmed by the state regulations in place for Medicaid patients, so they choose to avoid that completely and offer only private pay. Another downside for communities offering Medicaid is that State budgets are always being squeezed. For example in Illinois there are numerous communities that are still waiting for their reimbursment from the State. In many cases it can take anywhere from 6 months to a year to get paid, meanwhile they still need to provide care. What do they do, they use their reserves, borrow as much as they can, and eventually if they can't keep up they fail.
You feel that this company is in trouble and I can appreciate your concern. The underlying assets of the company far exceed any liabilities they have... So even in a worst case scenario where the company had to liquidate everything, shareholders would still come out ahead, at least according to my analysis.
Cramer's Lightning Round - A Radical Blessing For Ford (12/12/12) [View article]
Lots Of Real Estate Value At Assisted Living Concepts [View article]
I think slum lord is strong, they don't really have bad care, their biggest problem was meeting the staffing requirements set forth by states. I'm speaking in general of course.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
For ALC the if you look at their NW US communities (OR, WA) you will see what they built was much different than their acquired TX facilities. Those properties were much bigger and appear to have been designed to cater to both Independent Living and Assisted Living. With the crash of 08 Independent living has had a tougher time keeping occupancy up since baby boomers are living in their homes longer. In order to keep the community profitable they convert the IL units into AL units, and add memory care components.
Lots Of Real Estate Value At Assisted Living Concepts [View article]
If you think about it, when you need care you NEED care. People don't usually willingly go into ALFs or SNF, it's because they have to go.