On the skilled nursing side, investors are still waiting for clarity on Medicare and Medicaid reimbursement, and since that will be a long wait, and clarity is in the eye of the beholder, we don’t expect much movement either way. The one exception has been Advocat, which for some reason surged by nearly 80% so far in August. Granted, it is rising from a low base and has only risen by $2.40 per share this month, but the rise has been steady (price increases in 14 of the past 16 trading days), on its usual low trading volume. Something may be going on, but shareholders have been a mostly disgruntled lot for the past year or more, so who knows.
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