NYSEAM:NHCHealthcare
National HealthCare (NHC) Stock Cools As Debt Rises Despite Profit Surge
National HealthCare stock slipped about 3% today to US$212.72, even though the latest quarter showed profit power that long term holders will likely care more about than a single red day on the screen. Earnings per share in Q2 came in at US$2.58 on revenue of US$408.03m, backing up a trailing net profit margin of 9% and a P/E of 24x that still sits just under healthcare peers.
The headline is simple: the price is cooling in the short term while the earnings base and valuation case remain the...