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David Driscoll Sunrise Assisted Living SRZ-N PAST TOP PICK Jun 28, 2005

(A Top Pick Dec 8/04. Up 17%.) Has the demographics of an aging population. Just got rid of their mortgages so the margins are better.

David Driscoll

Owned

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$54.360

Stock price when the opinion was issued

medical services

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BUY

They have been going through a change in the company structure by going away from owning retirement homes to managing them. They should soon be debt free and the dividends should start to be reinstated.

BUY

This stock is doing well. It is a good sector to be in. He would consider owning it. Small risk stock.

TOP PICK

24 hour care. Very fractured industry with lots of ma & pa residences so they have lots of room to grow into. Demographic trend is in their favour. They buy the land, but the building on, and then sell the property but manage it earning 8/9% a year. Earnings are coming out today, so wait before buying.

BUY

Earnings have come out but earnings from a joint venture have not come through yet but the costs are still showing. This will hurt their earnings in the near term, but it will help them down the road. Long-term the demographics are still there.

PAST TOP PICK

(A Top Pick May 8/06. Down 28.5%.) Should not have picked this the day before the earnings came out! (Ouch) Will probably go sideways for a while but he is continuing to buy it but it may be ’07, ‘08 before you see the change in the accounting policy start to recoup the earnings again.

PAST TOP PICK

(A Top Pick Oct 21/05. Down 3%.) Roller-coaster ride. Demographics are very good. Good partnerships. They buy land, develop it, sell it and remain as property managers. Got hit when there was a change in accounting standards. Good price.

BUY

Have all their accounting situations out of the way. Expect revised statements by yearend. They are confident they will not have to consolidate/joint venture outside of the company. Annual cost increases are about 5.5%. Undervalued.

DON'T BUY

Sold his holdings about 2 years ago because they still had not come out with their audited financial papers. Demographics are perfect. Management team created their own accounting system and are under investigation right now.

BUY

Loves it. Believes it to be an opportunity, but recommends it to be just part of your portfolio. Possible takeover target.

DON'T BUY

Not a big fan of this one. Would prefer other places in the healthcare/REIT sector. Likes the theme long-term because the emerging baby boomer is a major play. Likes Senior Housing Properties (SNH-N).

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We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

David Driscoll Sunrise Assisted Living SRZ-N PAST TOP PICK Jun 28, 2005

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