They all deal in property, it's just that SUM have more exposure, hence more potential.
Printable View
The only advantage of having care centres for the likes of SUM is that it offers the attraction of the continuum of care model. By and large care centres are loss making, or at best break even ventures, especially with the recent pay equity settlement, which contrary to popular belief on this forum is only adding to sector woes for the majority of players. PS-A recent survey on the pay equity settlement, asking the question, Does funding cover the extra wages? Thirty providers responded, 10% said yes(One with the proviso of 100% occupancy) 90% said NO.
Nice to see the SP up today. It sounds like a few on here are waiting to buy in or top up once the downtrend reverses. What criteria do you use to determine when to buy?
Basically when everyone is happy to be buying and saying things like "i loaded up on this baby today" and "me too toot toot" and "back up the truck" and "$6.00 soon "etc. That could be a signal to.......... sell.
I'm thinking when baby boomers die off and the next generation of old people are fewer. Years away, as I suggested, but a possibility depending on immigration policy, industry saturation, etc. Lots of property required for this use, then suddenly lots of redundant homes.