Originally Posted by
macduffy
Thanks, Sauce, for your continuing analysis of the "retirement" stocks. Confirms my own view that RYM leads the field here, both as operator and as an investment.
Regarding the Malvina Major village, while the site is far from ideal, being at the top of the Nauranga Gorge in one of Wellington's most notoriously damp and windy locations, I don't regard the buildings themselves as being prime "leaky" candidates. The original part was of course converted from the old Burma Lodge, built well before leak-prone designs became an issue. The more recent additions don't appear to be particularly susceptible to my layman's eye. Nicely pitched roofs; no concealed guttering. With a bit of luck they learnt the lessons and have avoided the pitfalls - but that may just be wishful thinking on my part, as a RYM shareholder!