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Msg  12482 of 12699  at  9/18/2019 2:17:49 PM  by

jrad51


 In response to msg 12479 by  hajohn08
view thread

Re: CHCT

 

I wouldn’t have a clue if Mr Thomas removed some of his posts, but there’s nothing from him now on SA that recommends shorting CHCT.

CHCT went public in May 2015 and Mr. Thomas posted his first piece on the company in September 2015. He did not like CHCT; he thought its small town approach was too risky. But he simply said not to buy it. His conclusion: “I conclude that CHCT has a limited track record, and the REIT does not offer a return that justifies the elevated risks. Besides, there are too many other healthcare REITs that own higher-quality properties located in major MSAs that are managed by veteran CEOs.” Nothing in that article talked about shorting CHCT.

His next post on SA was in April 2016, by which time CHCT had fallen 6% from the IPO price. In this article, he reviewed the post-IPO activities and decided he liked the company. “My conclusion: CHCT has been flying under the radar for eleven months. Although the small-town risk and small-cap risk are obvious signs of caution, I believe the shares are attractive, based on valuation and strong inside ownership. In fact, I'm quite relieved to see a REIT that is truly putting investors in front of management interests. I'm tired seeing so many investment bankers dressed up as REIT managers, and what I like about CHCT's management team is that they are actually rolling up their sleeves and working to build a business."

"In my last article on CHCT, I mentioned its lousy website, but you can see that the company has since upgraded its site. Also, keep in mind, it's much cheaper to run a business in Cleveland, TN, than in New York City."

"For all reasons outlined, I believe Community Healthcare Trust is poised to profit. I will be adding CHCT to my Small Cap REIT Portfolio (to be included in the next edition of the Forbes Real Estate Investor), and I will initiate a recommendation when the shares hit $20 (likely by Q3-16). (I would like to see a few more quarters of earnings history.)”

So there’s nothing on SA that would indicate a recommendation to short.

I’m not defending Mr. Thomas; I don’t follow him at all. I just thought CHCT might be another SKT/UNIT bad rec from him so I checked. I know he wrote for Forbes (maybe he still does?) and maybe you saw a short rec from him someplace else? But for whatever reason, there’s nothing on SA now that supports that idea.



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Replies
Msg # Subject Author Recs Date Posted
12484 Re: CHCT hajohn08 0 9/18/2019 2:24:03 PM






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