National Health Investors (NYSE:NHI)

CAPS Rating: 4 out of 5

A real estate investment trust which invests in income producing health care properties in the long-term care industry.

Recs

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Player Avatar restucci (75.75) Submitted: 4/16/2007 6:08:16 PM : Outperform Start Price: $21.35 NHI Score: +128.82

The CEO does want to buy the company. He has made a few low ball offers in the past which have (or should be) reject by the shareholders. I'm not sure if he's trying to build up interest in a buyout or if he is attempting to be serious.

His most recent offer was $34 a share which included a $15 special dividend (not sure what the tax class for that would be) and depending on if you got in before $19 a capital gain / loss. If the CEO really wants to buy the company a realistic price target would be about $40 IMO.

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