FPH 1.70% $27.83 fisher & paykel healthcare corporation limited

Macquarie outperform, page-19

  1. 12,507 Posts.
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    RHC carried its hospital properties on the books at cost which is way less than market value.

    KKR would know that. It represents an immediate opportunity to get some cash back from the initial acquisition. I would bet a sale and lease back with the properties going into a special purpose REIT on a 4% yield.

    I sold out of RHC in Feb'17 at $70.82

    Cheers....D
 
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