Sunrise Senior Living (SRZ) CMP: 3.02 Market Cap: 155.62 Million
SRZ is a stock that has been extensively written about in this blog. It was in Dec 19,2008 when SRZ was quoting at 1.36 USD with Market Cap of 69.61 million that this blog was started with the intention to share the find of a precious gem of a company selling for the price of a pebble.
SRZ stock has since then seen lows of 0.30 (30 cents) and a high of 5.89 and currently quotes at approximately 3USD Market Cap: 155.62 million
My take on SRZ is that the company has had in the past 1 year made major positive changes and the stock is poised to really deliver great results for investors this year.
Consider these numbers after the 21 community sale to BKD. (Pro Forma Sept30,2009)
Cash & Cash Equivalents: 53.207 million
Current Maturities of Debt (Short Term Debt): 222.52 million
Debt, less current Maturities (Long Term debt): NIL
2. Current Maturities of Debt: This is short term debt : 222.52 million.
3. Debt, less current Maturities: This is long term debt: NIL
The LINK to the Original SEC filing.
So we can safely conclude that SRZ has got itself to a very comfortable position. Yes hard decisions have been made to sell assets. But with 1.5 Billion of annual sales SRZ is still one of the largest listed Assisted Living companies in US. The loans on SRZ's books are down to manageable levels and baby boomers are waiting to retire.
We also have recent SEC filings by SRZ with regards to Fidelity Management & Research LLC intentions of taking upto 14.9% stake in SRZ. LINK
SRZ had in Sept 2009 had an SEC filing which disclosed 5 groups holding 45% stake in SRZ. (Blog Link)Add 15% stake by Fidelity Management & Research thats 60% of Equity in the hands of Long Term "Strong Hands"
Conclusion: If you have not yet invested in SRZ you need to take some time to deep dive (this blog is a good place to start) and "GET IN". Looks like SRZ is all set to be the story of the year 2010. Happy Investing and Happy New Decade!!
5 comments:
What's next?
Theo:
SRZ still has a long way to go just hang on to it we should see 10-15 within a year..
It does look like a good time to bail out with more than 50% returns in a couple of months but.. one has to look at the long term value.. and there is a lot of steam left in SRZ..
ACTC is also worth investing into right now its going to give some really good returns..
=happy investing
Who knew you had so many asian viewers? :)
What do you think about their Q1 results?
Theo:
Thank you for the patronage
I am concentrating more on the Indian portfolio .. also I am having issues with my scottrade account .. so may be my disinterest in following up..
Thank you for the patronage and I will soon review the latest updates in SRZ and ACTC
I have started moderating the comments to weed out the junk.. looks like I am getting a lot of hits/eyeballs.. :-)
=happy investing
SRZ's performance looks like it might be a good time to buy more shares. Thoughts?
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