MFCSF - Medical Facilities: More Competitions Ahead
Investment Thesis
Medical Facilities Corporation (OTCPK:MFCSF) (TSX:DR) owns a portfolio of geographically diversified hospitals and surgery centers in the United States. The company appears to be in a good position to capture favourable demographic trend in the United States. However, Medical Facilities expects more competition in two of its facilities starting in late 2018. In addition, its operating margin has been in a declining trend in the past decade. While it pays an attractive dividend with a dividend yield of 8.1%, its dividend has not increased since 2012. Dividend growth investors