Post-Holiday Stock Drop

July 6, 2009

July 6, 2009
Seniors housing stocks dropped in June, but our theoretical portfolio of the six publicly traded companies surged by 80.2% in the second quarter. Post-holiday trading was not nearly as kind, as Sunrise Senior Living dropped by 13.5% today, Capital Senior Living by 8.2% and Brookdale Senior Living by 7.0%. Only Five Star Quality Care eked out a tiny gain today.

In the skilled nursing sector, there was much more of a mixed back today, with half the stocks up and half down. Sun Healthcare Group had the largest gain at 4.0%, and Advocat the largest drop at 6.9%. Not much of a rhyme nor reason in a day that saw the market drop early in the day only to rebound later on.

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