Originally Posted by
Baa_Baa
It's an extremely important underlying benefit to shareholders, of the business model, that OCA have access to $950m (held as a liability on the balance sheet), that has no interest payable, can be used for any purpose the company wants to, and is non-callable except the 30% repayable on resident exits which in itself is replaced by new residents, unless ~2,800 care suites and units all decided to leave at the same time. That's going happen, yeah right!
They should be making a song and dance about it, or at least spelling out to shareholders how fundamentally important the 'float' is to financial stability, growth and future earnings.