Kerre Woodham article in herald "I'll die in my own home" tells how her mum(85) didn't want to go to an RV and was happy in her home, but changed her mind and now after one year in a village is loving it. Warning- sponsored by metlifecare not OCA
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Kerre Woodham article in herald "I'll die in my own home" tells how her mum(85) didn't want to go to an RV and was happy in her home, but changed her mind and now after one year in a village is loving it. Warning- sponsored by metlifecare not OCA
Likewise, my good friend’s 82 year old ailing father fought tooth and nail not to go to the McLaren RV in Auckland several years ago. The family members simply could not care for him at home so pulled their funds together and ‘forced’ him there.
After the third month when he had recovered, he begged them not to send him home! He had found companionship, care and purpose. Even a girlfriend!
The family put in as much money as they could and the government chipped in with the balance.
He passed away in the RV 3 years later but his last years were happy years for him.
Just as the market is over-optimistic, the market is over-pessimistic & I'ld suggest OCA is at peak over-pessimism in the cycle at the moment esp after the resignation/firing of Brent.
Remember during early stages of Covid when the SP went all the way down to the 40's but rebounded up to around 1.30. over-pessimism - over optimism.
Looks like a gift opportunity to make some significant gains.
On another note, I hope they replace Brent with someone with a strong marketing presence.
Forget the accountants, they can always reign in the spending but in this sector with significant competition, you need a strong marketing driven person leading the way.
The company has a good story but needs to communicate it much better.
For example their expensively produced TV campaigns are tone deaf compared to SUM Imo. e.g. How the one with the resident & stuffed toy being reeled in with a fishing rod got passed I'll never know, made all their residents look senile!
Day before index exit and buyers are having to pay up to get volume rather than sellers selling down to get rid of volume.
Going to be a very interesting day tomorrow!
I get the impression Kerre Woodham would sell her Grandmother if it got her a sweetener.
More seriously, my fear for OCA is that their exit of care facilities and concentration on units will impact sales. I think many book into these villages to ensure a care bed or having the security & knowledge that it's the last move of their lives.
Does anyone have info re this strategic change? Will they still have care facilities going forward even if owned or managed separately from OCA?
I'm not sure about that, but ValueNZ has certainly bought unto the SailorBoy's strategy which isn't necessarily a bad thing, but like any strategy or stock, you cannot be dogmatic about it and be prepared to accept the story has changed. Continually doubling down on a stock can be a very dangerous strategy.
Sometimes, something left field can kill a company that could never have been predicted. During the GFC many perfectly good companies failed for reasons out of the management's control.
At times it can make sense to pick up more when a stock is sold off and is deemed undervalued by the market & although I believe OCA is currently significantly undervalued, it's not without risk, so I wouldn't be concentrating my portfolio on a stock like OCA.
However if my portfolio was diverse, then upping my holding wouldn't be such an issue.
SailorBoy used to make some very good points, unfortunately he would be derogatory towards virtually anyone who disagreed with him. He also used to throw out some clangers out of hubris as well, the defend the indefensible & typically changing the basis of what he originally claimed.
Hey, we all do it, it's how we own it that counts.
Written from my trading phone. 🤣