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Sign of the times      8-Mar-09 08:53 am    
I had dinner with a friend who started a senior home assistance business a few years ago and built it to over 1.5 millon this past year. I told him that with this house market he must being doing great. He told me that his business was down 30% and dropping-- seems that all the sons and daughters that are now unemployed now have the time to take care of pop or mom. Also said that money is tight-- either the customers no longer have it or they are scared and don't want to spend it. Anyway this is just one more example of what is happening in the health care field-- eventually NHP and others will be ok-as someone said the seniors will not wind up in a Motel 6 but it looks like we are in for a long rocky road until this mess is over.
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conjourtj1


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Sign of the times
conjourtj1 Not rated 8-Mar-09 08:53 am  
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Nationwide Health Properties Inc. (NHP)

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On Dec 18: 34.33 Down 0.35 (1.01%)
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