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researcher59

08/08/23 12:18 PM

#106506 RE: SSKILLZ1 #106503

MPW -1.35 to 8.75, definitely still risky even after this selloff, but I'd rate it a speculative buy since a lot of anticipated bad news is being priced in. A dividend cut seems a distinct possibility, if not a likelihood, but I think it's expected and would help with their leveraged balance sheet. Book value is roughly $14. I might pick up a few shares depending on the action.
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researcher59

08/18/23 1:45 PM

#106875 RE: SSKILLZ1 #106503

MPW -1.08 to 6.42, continuing to get pummeled as more bad news hits - they'll likely have to suspend the dividend entirely until they emerge from this financial distress.

A California state regulator on July 20 ordered that the transaction between MPT and Prospect Medical Holdings be put on hold, according to the order that the regulator sent to Prospect. MPT didn’t disclose the regulator’s order when it reported second-quarter results, or in its quarterly report filed the next day with the Securities and Exchange Commission.

https://www.wsj.com/business/deals/cracks-deepen-for-americas-biggest-hospital-landlord-struggling-tenants-a-bailout-on-hold-21e3294c?st=8xrym4sm2zdaqny&reflink=desktopwebshare_permalink