Medical Properties Trust: Here We Go Again Which Makes Concentration Suspect

Summary

  • The coming Prospect challenges took center stage despite a lot of otherwise good news.
  • Management has a good record of dealing with issues like Prospect.
  • Prospect appears to be the only major operator with insufficient payment coverage.
  • The necessary GAAP impairments appear to outweigh any management-guided recoveries elsewhere to offset the impairments.
  • This year continues the long-term history of the company of gains out-weighing impairment charges.
  • This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More »

Empty corridor in modern hospital with information counter and hospital bed in rooms.3d rendering

Ninoon

(Note: This was in the newsletter on February 24, 2023.)

Medical Properties Trust (NYSE:MPW) management announced during the fourth quarter conference call that there were issues with Prospect. That really undid the whole good news scenario "in

I analyze oil and gas companies, related companies, and Medical Properties Trust in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a free two-week trial.

This article was written by

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Long Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA.

He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of MPW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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