SBGI is conducting a secondary. Our view on this stock remains negative and our new target is in the teens. However, in overall market conditions similar to the ones that exist now, there is a pattern of stocks that are levitating to go up after a secondary. For this reason it is best to take profits now and plan to short it again if it runs up. The stock is at $25.35 as of this writing.
THC AND VHS, GOOD NEWS FOR HOSPITAL STOCKS $VHS $THC
The centers for Medicare and Medicaid services has released their proposal to increase hospital reimbursement by 80 basis points by FY14. This is better than most expectations. There are two hospital stocks in our portfolio THC and VHS.
THC is long with an average price of $20.40. Profits have been taken as high at $46.87. VHS is a relatively recent position long from about $14.55.
The new buy zone for VHS is $12. to $14.75. Target zone is $18 to $20. No stops since the position is in the process of being accumulated, however for those who must use stops, the stop zone is $9.23 to $9.38.… Please click here or the title below to read more.
April 29, 2013