Leaders and Laggards.How industry stocks fared from 9/1/99 through 9/30/99 September September: see month. was the worst month of 1999 for long term care investors. 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 declined 8.3%, while Russell 2000 dropped only 1% and 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. rose 2%. Vencor filed for Chapter 11 bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , the stock prices of four nursing home operators--Integrated Health, Mariner Mariner Any of a series of unmanned U.S. space probes sent near Venus, Mars, and Mercury. Mariners 2 (1962) and 5 (1967) passed Venus within 22,000 mi (35,000 km) and 2,500 mi (4,000 km), respectively, and made measurements of temperature and atmospheric density. Post-Acute, Vencor, and Sun Healthcare--fell 90%.
Company Gain/ Closing
Loss price
Brookdale Living +11.1% $14.38
(NASDAQ:BLCI)
Sunrise Assisted Living +6.5% $26.56
(NASDAQ:SNRZ)
Regent Assisted Living +2.2% $2.88
(NASDAQ:RGNT)
ARV Assisted Living -18.8% $2.50
(AMEX:SRS)
CareMatrix Corporation -35.2% $5.19
(NASDAQ:CMDC)
Integrated Health Services -53.3% $1.56
(NYSE: IHS)
Company Key factors
Brookdale Living Assisted living company authorized
(NASDAQ:BLCI) repurchase of up to 2 million shares.
Sunrise Assisted Living One of two double-digit assisted
(NASDAQ:SNRZ) living stocks, Sunrise retains institutional
investor interest.
Regent Assisted Living On little news and light trading, stock
(NASDAQ:RGNT) showed signs of life.
ARV Assisted Living Settled longstanding lawsuit with largest
(AMEX:SRS) shareholder Lazard Freres, but still at war
with Emeritus over 'poison pill' payments.
CareMatrix Corporation Growing receivables raised concerns
(NASDAQ:CMDC) about cash flow. Analyst cut rating.
Integrated Health Services As government probed a subsidiary
(NYSE: IHS) that tests patients' swallowing functions,
investors focused on leveraged balance
sheet and shaky operating fundamentals.
SOURCE: RAYMOND JAMES & ASSOCIATES, ST. PETERSBURG, FLORIDA. FOR
INFORMATION, CALL JAMES KUMPEL AT727-573-8178.
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