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Medical Facilities Corp. (DR-T)
NEW AI Investor Insights
141 watching
TSE:DR
15.43
0.18
(1.15%) 1d
Financials
Technical Analysis
Dec 13, 2024, 9:00 pm
0
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HOLD
Has pulled back a lot. It holds US medical property. It has suffered inflationary pressures, but will diminish in 2023 and the stock will recover. Don't sell it in the current Dutch auction.
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N/A
No
PAST TOP PICK
(A Top Pick Aug 25/21, Down 14%) It is in the U.S. and has hit 2X Book Value. It is acting like a tech stock but the demand for surgeries is still there. In general the U.S. healthcare business is an expensive market.
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TOP PICK
They provide elective surgical services in the U.S., though it's a Canadian company. Because of Covid, those services have collapsed, but will recover as the economy reopens. Such surgical demand will be out of sight, because of huge pent-up demand. Also, the valuation is much lower than the historic norm. They will enjoy 2-3 boom years. (Analysts’ price target is $9.84)
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BUY
Owns it in income growth. Dividend halted with the pandemic. Non-necessary medical procedures were delayed, and now they're coming back rapidly. Dividend will be restored. Stock should at least get north of $10.
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HOLD
They own ambulatory facilities in the US. There was concern about how soon they could get their surgeries up and running again after COVID. There are issues around Medicare and Medicaid paying for procedures. These are always a risk. He still owns it. It seems like things are continuing to improve. You could at least get the recovery, although the long term growth is not what it was previously.
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BUY
It's a real estate play on medical facilities in the US. It was overleveraged a few years ago, then COVID declined their business, which are non-essential surgeries. But they're still profitable and paying dividends. He sees upside.
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SELL
He is always very suspicious of a company with all of its assets in the US that lists on a Canadian exchange. Medical facilities in the US are a different market from the Canadian one. We've seen similar companies in the US where it didn't end well.
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DON'T BUY
They have surgical facilities in the US. It was trading for the dividend and then things fell off the rails and they cut the dividend. He was concerned that something was wrong. They made an asset sale recently to try to clean things up. Let the shareholder base switch over and let things settle.
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COMMENT
He owned it because of the big dividend yield. Management was always optimistic about the hospital being built in South Dakota and thought because they had a lot of other facilities it might mitigate the situation. They told us the last two quarters that everything was fine but now we find it is not.
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DON'T BUY
A classic avoid stock. The chart has plummeted this year. The trendline (past low) was taken out with several breakdowns and consolidations (several drops).
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DON'T BUY
Medical facilities. He has been short the stock. They have facilities in North Dakota. Another group of doctors opened up their own facilities down the street. He is not sure how safe the dividend is.
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WAIT
Three quarters in a row of disappointing results. Made a very dramatic dividend cut. Yield is now around 4%. Stock is bouncing in the $4-5 range. Owns medical building in the States. Debt to equity ratio is not too severe. Suspects they will be able to paydown debt now. Disappointing story but continues to hold it. Hasn't decided to buy more yet. Would like to see a couple more quarters and see if the business stabilizes.
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DON'T BUY
He has had grief with this over the years. It only trades at 13 times earnings and a great yield but a payout ratio of 167%. It has missed earnings. Although it is cheap, it does not have good price momentum. Yield 14%
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DON'T BUY
He doesn't cover it, but DR had a disastrous quarter and the wheels came off. He doesn't understand the reason why. He's scared of it. Also, their debt is high. Pays a 14% dividend which likely isn't safe.
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HOLD
They have a strong balance. The dividend is fine. But the issues revolve around their clinics. A new public hospital has stolen some business in South Dakota, and DR had two quarters. He averaged down this year and comfortable to hold it. But he'll keep an eye on the next quarter.
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Medical Facilities Corp.(DR-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Medical Facilities Corp.(DR-T) Frequently Asked Questions
What is Medical Facilities Corp. stock symbol?
Medical Facilities Corp. is a Canadian stock, trading under the symbol DR-T on the Toronto Stock Exchange (DR-CT). It is usually referred to as TSX:DR or DR-T
Is Medical Facilities Corp. a buy or a sell?
In the last year, there was no coverage of Medical Facilities Corp. published on Stockchase.
Is Medical Facilities Corp. a good investment or a top pick?
Medical Facilities Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Medical Facilities Corp..
Why is Medical Facilities Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Medical Facilities Corp. worth watching?
0 stock analysts on Stockchase covered Medical Facilities Corp. In the last year. It is a trending stock that is worth watching.
What is Medical Facilities Corp. stock price?
On 2024-12-13, Medical Facilities Corp. (DR-T) stock closed at a price of $15.43.
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