Forum Archive Index - December 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

> >No Replies, Someone must have an opinion please.
>  , I have Eldecare Shares av..451, I am along term holder,
> > this company was a brokers buy some time back is there something I don't
> > know or is this a great time to top up. Latest price..168 nta is .22c.
> > Comments please.


Hi Kelvin

Eldercare, Metlifecare, and Ryman all operate in an exceedingly competitive
area, and growing more so, which would imply pressure on future earnings.
Its also subject to govt. regulation to an uncomfortable extent in my
opinion - re subsidies, etc. My personal favourite in this sector is Ryman
(although I have now sold all my shareholdings in this). I like Ryman
because they build as well as manage their own resthomes, thus, more
diversified revenues, lower cost structure? Also, this company has kept to
all of its profit promises since listing (well largely anyway). Thus, if
you're dead set on this sector, perhaps think of Ryman rather than
Eldercare - Ryman's shareprice is also down historically.

IMHO anyway.


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