We Are/DigitalVision via Getty Images Envoy Medical (NASDAQ:COCH) is a hearing device company for people with moderate to severe hearing loss. It is the only company that offers an FDA approved active fully implantable device, the Esteem Active Middle Ear implant. This device has lacked commercial success due to its Medicaid classification as a hearing…
Xtant Medical Holdings, Inc. (NYSE:XTNT) Q1 2024 Results Conference Call May 15, 2024 4:30 PM ET Company Participants Brett Maas – Managing Partner, Hayden IRSean Browne – President and Chief Executive OfficerScott Neils – Chief Financial Officer Conference Call Participants Ryan Zimmerman – BTIGChase Knickerbocker – Craig-Hallum Operator Greetings. Welcome to the Xtant Medical Holdings,…
FG Trade With Medical Properties Trust, Inc. (NYSE:MPW) presenting encouraging earnings for its last quarter, and with investors barely reacting to the news of one of its most important operators, Steward Health Care System, sliding into bankruptcy, I think that we could see substantial upside price movement for the hospital real estate investment trust in…
Adam Gault/OJO Images via Getty Images Before we entered 2024, I issued an interesting piece on Medical Properties Trust (NYSE:MPW) – Medical Properties Trust: Outlining An Optimal Way To Capture Double-Digit Yield – outlining my views on how the investors could play this distressed case in a more risk-averse manner. In my view, going higher…
Profound Medical Corp. (NASDAQ:PROF) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Stephen Kilmer – IRArun Menawat – CEORashed Dewan – CFOMathieu Burtnyk – COO Conference Call Participants John McAulay – StifelRahul Sarugaser – Raymond James Operator Good day and thank you for standing by. Welcome to the Profound Medical…
J Studios/DigitalVision via Getty Images Overview The healthcare sector (XLV) has lagged behind the S&P500 (SPY) for the past year and I believe this opens the door to an opportunity to capitalize on this difference. The factors contributing to the sector’s underperformance can be a wide range of things including the end of Covid, patent…
FG Trade The last few weeks have been a really interesting time for shareholders of Medical Properties Trust (NYSE:MPW). The company, which operates as a REIT that owns and leases out medical properties for other firms to run, saw its shares spike after the market closed on April 12th. That move higher, about 12.3% as…
MSRPhoto Investment Thesis At first glance, Medical Properties Trust (NYSE:MPW) seems like an undervalued dividend pick. It owns and leases 420 hospitals/clinics under “triple-net” contracts that pass all property-related costs (and responsibilities) to its 54 tenants, allowing it to run an impressive $18.3 billion portfolio with only 131 employees. As a REIT, it distributes most…
bluekite Previous Thesis I last covered Medical Properties Trust, Inc. (NYSE:MPW) back in November in an article titled: Don’t Get Cut Being Greedy When You Should Be Fearful. This was an obvious play on words referencing investors catching a falling knife in the form of MPW. For the record, I was once a shareholder in…
Perimeter Medical Imaging AI, Inc. (OTCPK:PYNKF) Q4 2023 Earnings Conference Call March 28, 2024 4:30 PM ET Company Participants Jodi Regts – IRAdrian Mendes – Chief Executive Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to the Perimeter Medical Q4 2023 Conference Call. At this time, all lines are in listen-only…
uchar/E+ via Getty Images Increasingly unhealthy lifestyles are leading to a higher incidence of organ failure worldwide, and while organ transplantation is generally the preferred treatment for organ failure due to better outcomes and quality of life, organ supply is currently heavily constrained for a variety of reasons, leading to a waiting list that as…
Just_Super/iStock via Getty Images Medtronic PLC (NYSE:MDT) is a global developer and manufacturer of medical devices for chronic diseases. Founded in 1949, Medtronic is now a $111 billion (by market cap) healthcare behemoth that employs 95,000 people. The company reports results across four segments: Cardiovascular, 37% of FY 2023 revenue; Neuroscience, 29%; Medical Surgical, 27%;…
LSOphoto/iStock via Getty Images Introduction Global Medical REIT (NYSE:GMRE) is an internally managed REIT focusing on healthcare facilities which are leased out to physicians and other healthcare-related groups. GMRE Investor Relations The REIT owns 185 buildings in 34 states with a 5.8 year WALT. Unlike other healthcare REITs, Global Medical’s tenants appear to be well-managed,…
CreativaImages Instead of an investment thesis I initiated coverage of Medical Properties Trust, Inc. (NYSE:MPW) stock 2 months ago and since then, my strongly bullish view has been successful – MPW is up 23.3% compared to the S&P 500 Index return of 9.36% since January 7th. So basically, my ‘Strong Buy’ call outperformed the broader…
JazzIRT Medical Properties Trust (NYSE:MPW) is managing its poor liquidity position by performing asset sales, a profile that is not sustainable, and a serious liquidity crunch can happen in the coming quarters. As I’ve analyzed in previous articles, I have been bearish on MPW over the past year, due to its fundamental issues that led…
24K-Production Investors in embattled specialized hospital REIT operator Medical Properties Trust, Inc. (NYSE:MPW) were likely stunned the recent release of MPW’s fourth-quarter earnings results didn’t lead to a further downfall in its stock. As a result, the dip-buying momentum following its January selloff seems to have continued in earnest as investors consider whether the “bad…
Global Medical REIT, Inc. (NYSE:GMRE) Q4 2023 Earnings Conference Call February 28, 2024 9:00 AM ET Company Participants Stephen Swett – ICR Jeffery Busch – Chairman, President & CEO Alfonzo Leon – CIO Robert Kiernan – CFO & Treasurer Conference Call Participants Austin Wurschmidt – KeyBanc Capital Markets Robert Stevenson – Janney Montgomery Scott Bryan…
Select Medical Holdings Corporation (NYSE:SEM) Q4 2023 Earnings Conference Call February 23, 2024 9:00 AM ET Company Participants Robert Ortenzio – Executive Chairman & Co-Founder Martin Jackson – EVP & CFO Conference Call Participants Justin Bowers – Deutsche Bank Kevin Fischbeck – Bank of America Ben Hendrix – RBC Capital Markets Bill Sutherland – The…
Globus Medical, Inc. (NYSE:GMED) Q4 2023 Earnings Conference Call February 20, 2024 4:30 PM ET Company Participants Brian Kearns – Senior Vice President, Business Development and Investor Relations Daniel Scavilla – President and Chief Executive Officer Keith Pfeil – Chief Operating Officer and Chief Financial Officer Conference Call Participants Vikramjeet Chopra – Wells Fargo Securities…
Quipt Home Medical Corp. (NASDAQ:QIPT) Q1 2024 Results Conference Call February 15, 2024 10:00 AM ET Company Participants Greg Crawford – Chairman, CEO Hardik Mehta – CFO Conference Call Participants Richard Close – Canaccord Genuity Cooper Douglas – Beacon Securities Michael Freeman – Raymond James Julian Hung – Stifel Stefan Quenneville – Echelon Capital Markets…
Tippapatt/iStock via Getty Images Inspire Medical Systems (NYSE:INSP) released its latest earnings report representing Q4 and full year of 2023 in the after hours of February 6th. The medical device company posted a surprising profit of 49 cents per share on revenues of $192.5 million (representing a growth of 39.6%), easily beating analyst estimates of…
snapphoto My Thesis Medical Properties Trust (NYSE:MPW) stock fell 29% on January 5, 2024, and has fallen more than 70% overall in the past year, according to Seeking Alpha data. This was due to concerns about the management’s transparency, liquidity issues with the trust’s largest tenant, and concerns about the company’s enormous debt-to-equity ratio, which…
Hispanolistic The market can get truly absurd from time to time. Instead of being this efficient machine that many believe it to be, it can create scenarios that logically do not make sense. A great example of this can be seen by looking at what occurred on January 5th. Shares of Medical Properties Trust (NYSE:MPW),…
mikkelwilliam/E+ via Getty Images The last few weeks have been great for “most” of my REIT holding, thanks in large part to the first leg of the so-called REIT Rally, as I explained a few weeks ago, Recent share price weakness in this sector has driven valuations on many of my favorite REITs down to…
DNY59 High-conviction Medical Properties Trust, Inc. (NYSE:MPW) investors have failed to lift MPW from its doldrums over the past two months since I downgraded the stock to a Hold. The caution is justified, as I reckoned the challenges that hampered MPW’s bullish thesis was more than just a hawkish Fed. I indicated that the market…
Phynart Studio/E+ via Getty Images Investment Thesis In recent months, Quipt Home Medical (NASDAQ:QIPT) has continued its impressive journey of growth and strategic expansion. The company has remained focused on its mission of becoming a leading provider in the home medical equipment sector, leveraging both organic and inorganic growth strategies. This commitment is evident in…
kali9 I want to say upfront: I don’t know if Medical Properties Trust, Inc. (NYSE:MPW) stock has outlined a major bottom in Q4 2023, or if new lows are coming again early next year. I am not making a long-term call on the shares. This article is focusing on what I believe are high odds…
NVS Medical Properties Trust (NYSE:MPW) is a REIT that’s a fallen angel. The reason I refer to it as a fallen angel is that at one point MPW and many similar net lease commercial REITs were seen as the holy grail of yield investing, in that investors believed that they would pay out consistently growing…
AlxeyPnferov/iStock via Getty Images We previously covered Medical Properties Trust, Inc. (NYSE:MPW) in August 2023, discussing its pessimistic prospects as the bears won the battle and the stock plummeted. Thanks to multiple tenants’ cash flow issues and the real estate investment trust’s (“REIT’s”) eventually impacted profitability, we also believed that its dividends might be cut…
IceCure Medical Ltd. (NASDAQ:ICCM) Q3 2023 Earnings Conference Call November 15, 2023 10:00 AM ET Company Participants Michael Polyviou – EVC Group, Investor Relations Eyal Shamir – Chief Executive Officer Ronen Tsimerman – Chief Financial Officer and Chief Operating Officer Shay Levav – VP of Regulatory Affairs, Quality Assurance & Clinical Applications Tlalit Bussi Tel-Tzure…
PM Images If there has been one thing that Medical Properties Trust (NYSE:MPW) has excelled at, it’s destroying shareholder value. In less than 2 years, shares of MPW have declined -82.16%, ended their consecutive dividend growth and reduced the dividend by -48.28%. Short interest remains above 20%, and nothing that MPW has implemented has reassured…
Silk Road Medical, Inc (NASDAQ:SILK) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Marissa Bych – Gilmartin Group, Director, Investor Relations Jack Lasersohn – Chairman Chas McKhann – Chief Executive Officer Lucas Buchanan – Chief Financial Officer and COO Conference Call Participants John McAulay – Stifel Rohin Patel – JPMorgan…
ICU Medical, Inc. (NASDAQ:ICUI) Q3 2023 Results Conference Call November 6, 2023 4:30 PM ET Company Participants John Mills – Managing Partner at ICR Vivek Jain – Chief Executive Officer and Chairman Brian Bonnell – Chief Financial Officer Conference Call Participants Larry Solow – CJS Securities Jayson Bedford – Raymond James Operator Good afternoon. And…
Techa Tungateja/iStock via Getty Images In early August I published my 4th article on Medical Properties Trust (NYSE:MPW), in which I urged readers not to buy the heavy 14% dip after the Q2 results announcement. As time has shown, that recommendation has proven correct: MPW is down 43.71% [total return] since that call: Seeking Alpha,…
JazzIRT Add Merit Medical (NASDAQ:MMSI) to the list of medical technology companies that have been caught up in a broad sector derating. Merit Medical shares are down almost 20% since my last article on the company, basically tracking the broader med-tech space despite a couple of respectable quarters. While pressures from value-based pricing in China…
FatCamera The way that I view performance might be different from the way that many others do in the market. Performance typically refers to absolute performance, as in upside or downside. If your portfolio is up 10% in a year, you would probably be quite happy. And if it’s down 10%, you would probably be…
rdegrie Never go to bed mad. Stay up and fight.”― Phyllis Diller. Today, we take our first look at Inspire Medical Systems, Inc. (NYSE:INSP). If you watch any TV at all, I am sure you have seen the ads for this company’s flagship product. Despite stellar revenue growth, this mid-cap stock trades near a 52-week…
FilippoBacci/E+ via Getty Images Global Medical REIT Inc. (NYSE:GMRE) is a medical office building play that we have covered before. After two buy ratings, we moved to the sidelines in our last piece. Seeking Alpha There was really nothing strongly negative about the company. In fact, we appreciated how management had managed to focus on…
mr.suphachai praserdumrongchai/iStock via Getty Images This has been a challenging year for the medical device sector, In addition to ongoing worries about reimbursement and a lack of innovation, investors have also fretted about the impact of GLP-1 drugs on a host of device sub-sectors. It also hasn’t helped that the entire sector was trading at…
Ridofranz/iStock via Getty Images Medical Properties Trust, Inc. (NYSE:MPW) has unveiled its financial and operational performance for the second quarter of 2023, painting a complex picture of strategic gains and fiscal deficits. This revelation comes against significant strategic moves, including new rent accruals and divestitures, aimed at refining its portfolio in the nuanced healthcare property…
Bulgac Medical Properties Trust (MPW) is a controversial real estate investment trust. First, let us say that we have actively avoided advocating for most REITs for a number of quarters. We hypothesize that REITs generally are getting closer to being strong buys, but we first need confirmation that rates will settle down, and we will…
JazzIRT Medical Properties Trust (NYSE:MPW) is expected to have a tough liquidity position in the coming quarters, plus its refinancing needs in the next three years are quite worrisome. As I’ve covered previously, I have been bearish on MPW over the past few months as the dividend was not sustainable and the company has several…
SDI Productions Aug. 21 was a fascinating day for shareholders and followers of Medical Properties Trust (NYSE:MPW). This is because, prior to the market opening, the management team at the business announced that they were cutting the firm’s distribution rather considerably. In most cases of a distribution cut that I have seen, the reaction to…
Dragon Claws/iStock via Getty Images Shares of Medical Properties Trust (NYSE:MPW) slid more than 12% on Friday after it was reported that a deal between the health care REIT and one of its tenants, Prospect Medical, was held up by a California regulator. Medical Properties restructured its relationship with its tenant back in May when…
Miromatrix Medical Inc. (NASDAQ:MIRO) Q2 2023 Earnings Conference Call August 14, 2023 4:30 PM ET Company Participants Max Forgan – Gilmartin Investor Relations Jeff Ross – Chief Executive Officer Jim Douglas – Chief Financial Officer Conference Call Participants Alex Nowak – Craig-Hallum Phillip Dantoin – Piper Sandler Operator Good day, and welcome to the Miromatrix…
alexsl The MPW Investment Thesis Has Lost Its Bullish Support Here We previously covered Medical Properties Trust (NYSE:MPW) in May 2023, discussing the short sellers attack by Viceroy Research. The report had caused its stock prices to drastically decline, thanks to the allegation that the REIT “buys assets at inflated prices from tenants.” At that…
Pgiam/iStock via Getty Images Investment briefing Silk Road Medical, Inc. (NASDAQ:SILK) posted Q2 FY’23 numbers last week with a reasonable performance throughout the P&L and cash flow statement and balance sheet strength. Despite this, the outlook is mixed on the firm as an investment-grade company. Since my last publication in December, the stock has slipped…
Profound Medical Corp. (NASDAQ:PROF) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Stephen Kilmer – IR Arun Menawat – CEO Rashed Dewan – CFO Conference Call Participants Rahul Sarugaser – Raymond James Nelson Cox – Lake Street Capital Markets Ben Haynor – Alliance Global Partners Joshua Jennings – TD Cowen…
Douglas Rissing In mid-August, InterCure (NASDAQ:NASDAQ:INCR), one of the leaders in the global medical cannabis market and one of its largest producers in Israel, will publish financial results for the 2nd quarter of 2023. According to the Ministry of Health, the consumption of medical cannabis in Israel rose to 4.88 tons in June 2023 from…
Silk Road Medical, Inc. (NASDAQ:SILK) Q2 2023 Earnings Conference Call August 1, 2023 4:30 PM ET Company Participants Marissa Bych – Investor Relations Erica Rogers – Chief Executive Officer Lucas Buchanan – Chief Financial Officer & Chief Operating Officer Conference Call Participants Chris Pasquale – Nephron Research Rick Wise – Stifel Neil Chatterji – B….