Billionaire Larry Robbins’ Long-Term Stock Picks

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13. Brookdale Senior Living Inc. (NYSE:BKD)

Number of Hedge Fund Holders: 30 

Glenview Capital’s Stake: $16.9 million

Brookdale Senior Living Inc. (NYSE:BKD) operates independent living and assisted living facilities, continuing care retirement communities, and skilled nursing. The following key aspects make this company a standout investment. To start with, the report for the third quarter of 2024 showed a significant improvement in cash generation, reflecting strong operational efficiency and profitability. For instance, net cash provided by operating activities increased 45% to $66.5 million, and adjusted free cash flow of $13.9 million was five times the amount for the prior year period. Secondly, the company is acquiring 41 communities currently managed under triple-net leases for $610 million. The acquisition totals 2,789 units in three different portfolios of communities, which may hold investment potential. Moreover, the company aims to improve 2025 cash flows by an expected $15 million through Ventas Lease Amendment with incremental upside in 2026 and beyond.

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