Assisted Living ConceptsALCWEAK BUYFeb 12, 2025Stock price when the opinion was issued
As of Nov 03, 2026. Market Open.
European-based, but US operating platform. Contact lenses + surgical supplies (corrective procedures), each with 50% of revenues. Demographics is supportive even of eye health, and increased screen time also feeds into that. Reasonable valuation at 17x PE, 4-5% FCF yield.
Attractive, defensive business in this environment. Yield is 0.57%.
He was looking at defensive healthcare names to avoid threat of tariffs. This is one name to consider, valuation slightly elevated, but unique capabilities in eye care.