benedek
When the pandemic hit in early 2020 and stay-at-home orders quickly shuttered our old world, I wrote Beware The Prophets Of Doom to spell out the flaw of chaotic events being overemphasized in the short term. To be clear, Medical Properties
Medical Properties Trust: Beware The Prophets Of Doom
Summary
- Medical Properties Trust has pulled back heavily following second-quarter earnings that reignited fears around the dividend.
- The company is now trading at the steepest-ever discount to tangible book value since it became a public company.
- This 50% discount will likely prove to be unsustainable in the long term with a move back to tangible book value forming the primary long-term bull case.
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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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