It is soon to be the last independent home health and hospice company.
Scarcity value could drive interest from financial and strategic bidders.
Shareholders have a slate of new directors to refresh the company.
I disclosed my position on StW last quarter, writing that:
Enhabit ( EHAB ) provides home health and hospice services, one's own personal Florida where one gets as comfortable as possible after the grim reaper has marked his calendar but not yet arrived.
Enhabit
It is a recent spin-off... one of the promising categories presented in You Can Be a Stock Market Genius . Earlier this month, they flubbed a strategic review . Now 5% holder AREX Capital nominated a serious board slate to restart the process to sell the company to the highest bidder. EHAB is cheap compared with both comparable companies and comparable deals. Their two year anniversary of the spin is the first day of the third quarter, which is the safe harbor for pursuing a sale without complications from the IRS (possible but ballsy to try before then). Enhabit could recover to $12 as a standalone or $14-19 in a deal.
News, Short Squeeze, Breakout and More Instantly...
Market Wire News is a media platform, the information on this page was provided by SeekingAlpha via Quote Media. Read our full disclaimer.
Link your Twitter Account to Market Wire News
When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Contact the Author
Stock Information
Get EHAB Alerts
News, Short Squeeze, Breakout and More Instantly...
Glass Lewis Concludes That Support is Merited for AREX Nominees to Add “Fresh Perspectives and Relevant Expertise” Two Leading Independent Proxy Advisory Firms Recognize That Boardroom Change is Urgently Needed at Enhabit AREX Capital Management, LP (together...
Enhabit, Inc. (NYSE: EHAB) (“Enhabit” or the “Company”), a leading home health and hospice provider, today announced certain unaudited preliminary results for the second quarter ended June 30, 2024. The Company plans to report actual second quarter 2024 financial resul...
ISS Concludes Support Is Warranted for AREX Nominees to Add Beneficial Industry-Specific Expertise and “Oversight Over the Company's Financial Reporting and Shareholder Communications” ISS Recognizes “The Most Apparent Needs for the Board Are Additional Expertise ...
Link your Twitter Account
Link your Twitter Account to Market Wire News
When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Trending Stock Alerts
Trending Stock Alerts
Our Next Stock Alert could be Coming in Minutes!
Sign Up Today To Get Full Access To Our Next Stock Report!
Day Before Email and Text Notifications of New Alerts