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I think you guys are getting carried away. The vast majority of their current business is govt funded old folks care.
They do "okay" from Govt funded beds and importantly this gives them operational cashflow for the majority of their business. The real estate market will come back when the dust settles. Talk of 75% discount to NTA is Great depression stuff. While there is a chance of that, I think its unlikely.
I'm in love with these 'once in a lifetime' prices. I'd really kick myself if I look back in 2 years time and not realise that I had missed out... Dyor but I'm in for the longer term :)
Keen for a bet Beagle? I think its crazy where their current price is and I agree that it would be extraordinary to see it go that low, I just can't help but see the panic in the selling at the moment. I mean down 15% today and for no reason really? Im going to bring my estimate forward, by the end of March.
Summerset had a decent announcement today. Arv should test their staff weekly, virtually seal the villages off, show everyone how to use FaceTime Skype (maybe on their tvs) offer a shopping service.