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CryptoParadyme
Apr 1, 2023 5:22 AM

MPW - Probably the bottom  Long

NYSE:MPW3M
Medical Properties Trust, Inc.NYSE

Description

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MPW has had a rough 2 years. Not only facing a fed that won't stop hiking, but various FUD and shorters that are eager to short this into the ground.

It is providing long term investors with a picture perfect setup if your time horizon is multiple years and you like collecting yield.

My notes are on the chart, but, this is probably the best buying opp in years. The yield down here is also very attractive with a 50% retrace.

Very possible it goes deeper, but there's many technical reasons for a bottom to form here.

Obviously all bets are off if we get a limit down nuke to hades from the indexes.

I'm down bad on this at the moment from April 2022, but I've been reinvesting and lowering my average entry for the last 3 months at this point.

It's a fire sale and I'm not selling here.

Comment

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Good start

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better start

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arguably a quarterly tweezer bottom

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Dividend cut. Not ideal. We shall see how it plays out.

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oof
Trend Analysisdividendstocks
Comments
WTFpattern
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DCA like hell today?
Golden_Apple
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Awesome!
vly2k
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Probably another 6 to 12 months to fall further. The rate hike is not finished. MPW may go down further while the rate is still going higher.
vRaBBiTv
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It's a fire sale because the equity is worth $0 (i.e. Their debt is greater than the value of their assets). The only reason this has any value at all currently is because passive indexes such as Blackrock, Vanguard, and State Street continue to siphon cashflow into the their REIT funds that mirror the MSCI RE index. Retail is being hoodwinked into thinking this high dividend is actually worth something. Rather than trading the chart and ratios, look at the actual fundamentals... There is a reason this equity is dumping.
CryptoParadyme
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@vRaBBiTv, I expect it to not perform well for a while, but their dividend history is solid. It's only 2% of my personal portfolio so if it goes to zero, I will get over it. Paying me the whole way to zero.

But there's enough technical reason to think a bounce is coming + being bearish on this after such a deep correction.

May go to zero. We will see.
vRaBBiTv
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@CryptoParadyme, check out the Yacht the CEO from Steward Health bought right after MPW lent him $355 Million... (lol)
CryptoParadyme
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@vRaBBiTv, hadn't seen that. Don't really care. Just looking at the TA here. MPW is probably not going to zero.
vRaBBiTv
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@CryptoParadyme, MPW in national news (CBS) this morning: twitter.com/CBSMornings/status/1650489193271795712?s=20
WTFpattern
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@vRaBBiTv, funny you mention Steward Health. Behind $50 million on rent to MPW causing this 30% drop today.
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