Agree, best not to get hung up on the ethics of profit from care because there is actually very little profit from care, if any. These are very profitable property development companies that provide elderly housing and care services.
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Sorry, when I said “at the end of their lives” I wasn’t meaning end of life as in palliative care, but rather the last decade or so of their lives. I understand that companies need to make a profit (of course) but right now it is just something I can’t bring myself to invest in. Possibly because of where I work and my day to day involvement with my residents. Down the track I might well decide differently.
You are talking like people don't have a choice. If they don't like the deal they can go elsewhere. That is what capitalism is all about. And don't worry all companies will be pivoting to a more care centric offering and a continuum of care model. It will happen slowly as these are big ships to turn
All the sellers have dried up now, not a lot of resistance. Could be good for nice little break up.
There is also a technical close above the 200MA yesterday and continuation today with a break-up through a major resistance trend line going back to 28/9/2018 and horizontal resistance from 23/4/2019. In due course it could backtest the breakout but next technical target is to close the gap between 6.34-6.39
:)
When my parents moved into a villa it was the best thing they did in a while.
Now that Dad has gone Mum realises that her quality of life would be so much worse if they had stayed where they were. Sure it was a house but the neighbours weren't interactive and she would now be very alone.
In the villa, in the village she has company and opportunities.
Cost - only really matters to the heirs. Fly business class, if you don't your children will.
Deleted as apparently not relevant to the current discussion.
We were talking about SUM and whether profit from care or property was ethical and reasonable. Your post about RYM and dementia care is not relevant to either imho. Maybe it’s confusing or confounding I separating investment decisions in retirement sector from personal experience working in the same sector, but as far as investing goes, this sector is very promising and has been so for a long time, and will be for a long time hence,
Are we enjoying the break out and the re-rate? Could only hold SUM down for so long, eventually it would be recognised for its long term future earnings potential. That time may have arrived. Got some?
😀