LEADERS AND LAGGARDS.How industry stocks fared from 11/1/99 through 11/30/99 After a bloody October, the long term care industry was thankful thank·ful adj. 1. Aware and appreciative of a benefit; grateful. 2. Expressive of gratitude: a thankful smile. for some good news in November. The Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . LTC LTC abbr. lieutenant colonel Index increased 12.8 percent, beating the NASDAQ Composite The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. (+12.5 percent) and the Russell 2000 (+5.9 percent). A key driver: passage of the Balanced Budget Balanced budget A budget in which the income equals expenditure. See: budget. balanced budget A budget in which the expenditures incurred during a given period are matched by revenues. Refinement Act of 1999, which restores more than $2.5 billion in Medicare payments Noun 1. medicare payment - a check reimbursing an aged person for the expenses of health care medicare check bank check, check, cheque - a written order directing a bank to pay money; "he paid all his bills by check" to nursing homes. Also, a number of investors think the assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. sell-off in October was excessive.
Company Gain/ Closing Key factors
Loss price
American Retirement +74.7% $8.63 After a 50 percent sell-off in
(NYSE: ACR) October value investors eased back
into the stock.
Genesis Health Ventures +60.7% $2.81 Genesis restructured put-call
(NYSE: GHV) provision and secured new
financing commitments to
de-leverage its balance sheet.
Integrated Health Services +44.4% $0.41 Despite downgrades by debt-rating
(NYSE: IHS) agencies, shares advanced as IHS
goes about restructuring its debt.
Greenbriar -37.5% $0.63 Shares fell on light trading
(ASE: GBR) despite a marked improvement in
operating results.
Regent Assisted Living -13.9% $1.94 Shares declined on the last two
(OTC BB: RGNT) the month despite improved
operating reults and a new
president and COO.
Emeritus Assisted Living -12.5% $6.56 Stock fell despite sale ot holdings
(ASE:ESC) in Canadian assisted living
Company, and improved occupancy
same-store performance
SOURCE: RAYMOND JAMES & ASSOCIATES, ST. PETERSBURG, FLORIDA. FOR INFORMATION,
CALL JAMES KUMPEL AT 727-573-8178.
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