06-09-2015, 10:48 AM
I just finished my valuation of HCP (article can be found here) - and I agree. There are some serious issues in the HCR Manor problems, esp since they are the largest tenant (about 25% of revs come from HCR Manor). In addition, HCP owns a 10% stake in HCR Manor.
But like Kerim said, in difficult times like these - good opportunities present themselves. Some great opportunities to good forward though. The management has indicated with some strong signals to expansion in Europe - $1B invested in their international expansion with new office in London and potential new investments in mainland Europe.
But like Kerim said, in difficult times like these - good opportunities present themselves. Some great opportunities to good forward though. The management has indicated with some strong signals to expansion in Europe - $1B invested in their international expansion with new office in London and potential new investments in mainland Europe.