MFCSF - Medical Facilities: Value Or Value Trap? Why The Answer Depends On Your Objectives

Medical Facilities Corporation (OTCPK:MFCSF), though listed primarily on the TSX [TSX:DR], owns controlling interest in multiple surgical facilities in the United States. It shares some of this ownership with the top surgeons at these facilities and uses this co-ownership structure to drive a common vested interest in the long-term returns from these facilities.

Source: MFCSF presentation

We had taken our stake some time back and the stock appeared to be doing okay until its fourth-quarter results caused a big drop.

The issue

At a fundamental level,

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