Companies aren’t going to bat 400 every quarter, and when I see a “knee jerk” like I saw yesterday, I am reminded that there is always a silver lining. That’s what the other Buffett (Jimmy) means when he sings, “It’s just another day in paradise.”
The drama has been unfolding for months as operator pressure within the skilled nursing sector has escalated.
My “back of the napkin” estimate was spot on!
“This is the beauty of a big portfolio, you can sustain.” - CEO of Omega Healthcare.