Emeritus Corp (NYSE:ESC)
The Company is an assisted living and Alzheimer's and dementia care service provider focused on operating residential style communities with operations throughout the United States.
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Too much debt
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Baby boomer retirement and assisted care will continue to grow. Outperform!
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You can't drop your prices to the point were you can't even break even just to get your occupancy up. You attact a certain clientle when that happens and its very hard to dig yourself out of that hole. Wonder what they are going to do in the next year or two when they continue to lose money and can't fill their communities because of price increases and upkeep of their properties...just a thought.
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demographics will give ESC's cash flow a big boost for many years---very well managed!
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trading above book value, yet they keep loosing money each qrt, makes no sense to me.
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As the boomers get older and get booted out of the big 3 they will need places to retire too....why not a retirement home by ESC?
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strong, undervaluated industry
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Emeritus is an assisted living provider and is poised to capatilize on the increasing aging of America. It is a fairly speculative play as there is a tremendous amount of debt. However, they are growing very strong in a very competitive market.
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