Hedgeye CEO Keith McCullough is adding Medical Properties Trust (MPW) to the short side of Investing Ideas. Below is a brief note.
The best part about selling AFTER a bear market bounces is I get to send you SELL signals in names that A) aren't new to my Independent Research team's lists... but B) have bounced big to lower-highs with my Bearish @Hedgeye TREND signals.
Tag, Medical Properties Trust (MPW), you are it.
I do enjoy telling people to sell trusts that my research all-stars don't trust btw. Here's a good summary excerpt from Rob Simone's REIT Pro research product on the name:
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Medical Properties Trust (MPW): Q1 earnings call yesterday; company spent 30% of the conference call going down the road of non-credible 3rd party reports rather than presenting credible data; the data and the math is what will matter in the end; CEO said company is in the strongest position they’ve ever been in from a financial standpoint; red flags everywhere on the call, embarrassment for the management team; we encourage people to listen to the conference call; MPW remains a short. |
KM
