Added to YB: 2019-03-29
Pitch date: 2019-03-29
HHC [bullish]
Horizon/CMS Healthcare Corporation
Author Info
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Company Info
Horizon/CMS Healthcare Corporation provided post-acute and long-term health care services. It also provided medical rehabilitation programmes and services in inpatient rehabilitation care, outpatient rehabilitation care, and contract therapy.
Market Cap
$1.1B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-51.85
EV/Sales
N/A
Sector
Health Care Providers and Services
Category
value
Howard Hughes: Updated Thoughts 2019 Version
HHC: Real estate developer focused on Houston, Las Vegas, Honolulu, Columbia MD & NYC Seaport. Generates cash from land sales to fund commercial properties held for investment. NPV of land & condos worth $3.1B + $2.8B NAV of operating properties = $140/share. Upside from Fashion Show air rights in Vegas & 280-acre Monarch City near Dallas. Management heavily invested with CEO owning $50M in warrants at $125 strike. Trades 20x growing AFFO vs REITs.
Read full article (7 min)