Agreed - the negative publicity around AVEO tarnishes currently everybody in the industry. As well - INA is (as the other retirement village providers) basically a REIT - and markets are nervous about slowing (or even dropping) real estate prices and rising interest rates.
I think however that at some stage the markets will realise that INA have a different business model, and while real estate prices might stagnate for some years (I don't expect a huge drop), the "grey avalanche" in need of retirement housing and care is unstoppable.
If you look at birth charts - the baby boomer generation is just about starting to move big style into retirement villages. Have a read though the latest RYM annual report (https://www.nzx.com/files/attachments/260468.pdf) - very interesting information about the industry in general.
At the end - it is all about demand and supply which makes the price ... no matter what other things people are worried about.
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