2024-02-04 08:07:07 ET
Summary
- Tenet Healthcare has sold off some of its facilities, pleasing investors and contributing to a rise in its stock.
- The company has a turbulent past with high debt and low margins, making it a risky investment.
- Recent divestments have reduced the company's leverage and improved its valuation, but the overall risk-reward profile is still uncertain even as the business sees itself in calmer water.
Shares of Tenet Healthcare ( THC ) have seen some momentum again, as the business recently has sold off some of its facilities. These sales and operating momentum pleased investors, who are furthermore relieved to see interest rates come down (as Tenet employs quite some leverage)....
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Tenet Healthcare: Shrinking To Grow