SubscribeBrookdale Sr Living Inc (NYSE: BKD) – Stop Loss Saves Capital
NEWS – Brookdale Sr Living Inc (NYSE: BKD) – which owns and operates homes for senior citizens, said its fourth-quarter net loss widened to $37.4 million, or 37 cents a share, from $24.5 million, or 41 cents a share a year earlier. Revenue for the quarter more than doubled to $432.3 million from $213 million. Analysts polled by Thomson Financial had been expecting a loss of 35 cents a share. Brookdale said its loss included a charge of $96.9 million, for depreciation, amortization and non-cash compensation expense. The company announced a first-quarter dividend of 45 cents a share and added it is well positioned to realized substantial growth in its dividend over the next few years. (Source: Bigcharts)
COMMENTARY – Although I believe this pick is undervalued in the long-term, the stop loss set in place to liquidate all shares safely removed BKD from our portfolio around $47.19 on 2/27/07. Today, the stock trades for $43.77, which is 7.24% in regards to preservation of capital. I will wait and watch for the technicals to break once again in our favor before initiating a new position in BKD.
Good Investing…
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