Stock price when the opinion was issued
Very good company. Long-term care facilities throughout the US. Had a really tough year last year. Healthcare had more of a decline due to Bernanke’s interest rate comments as their growth strategy was to continue issuing equity and to continue to acquire. Because of the view that that is no longer there, the stock has been beaten up. He likes it at these levels. This gives you a higher yield than your average US REIT. Great industry and good value on the properties. 5.5% yield.
A healthcare REIT. They tend to be very defensive. It gets bogged down a bit when you get concerns with the affordable healthcare act. He would not shy away from it.