HCA: Adding HCA Healthcare to Investing Ideas (Short Side)

11/29/17 10:47AM EST

Below is a note from CEO Keith McCullough on why we're adding HCA Healthcare (HCA) to the short side of Investing Ideas today:

"The reason why I came into today with only 1 short in Real-time Alerts is simple - I thought the SP500 had upside to the top-end of the @Hedgeye Risk Range.

Now that we've hit that target, it's safer to put some of our Best Idea Shorts (Institutional Research product) back on.

HCA Healthcare (HCA) is one of our Healthcare Research team's favorite SELL ideas right now. Here's an excerpt from their latest Institutional Research note:

"In the context of an aging population and other structural headwinds, and consistent with HCA's 3Q17 results, low margin Medicare mix increased, high margin Managed Care admissions net of Exchanges/ACA declined, ACA contributions faded, and we remain far more pessimistic and short HCA."

Sell green,

KM"
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