Community Health Systems (CYH)

Owned for a long time. But there is no beginning and end. You buy things when they are good value and sell when things change.

(A Top Pick May8/13. Down 9.39%.) A hospital owner and manager in non-urban settings. As the Affordable Care Act takes hold, there are going to be more people showing up at hospitals with insurance. The most expensive place to treat someone is in the emergency room. Still likes the company very much. Over the last year they bought, and are digesting, Health Management Associates, which was a pretty big bite and a little dilutive for them. Longer-term, he feels this has a lot of legs. From here this could probably see a 20%-25% move in short order, to put it back into fair value.

Play on aging demographics and on healthcare. There are a lot of things that are right about this company.