Monday, January 30, 2006

KND

I ended up buying KND at $24.98 back in December. About a week and a half ago, it dropped 25% on news of some changes in Medicare reimbursement for Acute Care Hospitals.

At the time, it seemed like a pretty big overreaction. I felt pretty strongly like I should buy more at $19.90. I decided instead to just stick with what I had.

Today, ten days later, it is back up to $23. That would have been a nice 15% pop in a week and a half. Instead I'm still down a bit, but I'm going to hold it for awhile and see what happens. They still seem like the best value in their sector, to me.

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