Summary
- The OHI bandwagon is back up and running.
- OHI has (mostly) cleared their 2017 operator problems.
- Fundamentally, skilled nursing remains a challenged industry.
- The change to PDPM might be good long term, but could bring near term costs.
The Omega Healthcare (OHI) bulls are coming out again. Two new articles on Seeking Alpha, one suggesting that dividend raises could return in 2019 and another describing the dividend as "safe".
A little over a year ago, I wrote my first article on OHI where I concluded that it was a value trap. Since then, OHI took a significant dive and has spent the better part of this year recovering to approximately breaking-even.
Source: Tradingview.com
