Stoneridge Partners reports that for the month of May the Home Health Index showed an increase of 4.4%, and the S&P 500 continued its increase.up 2.1%.
All stocks were up, however the increase was primarily on the back of Amedisys. After hitting a low that goes back to 2003 of $10.04, the stock jumped 22.7% to 12.32. Last month, Stoneridge ruminated as to whether or not it was, at that low point, a buy.
The high for the HH Index was set in September 2008 at 41.75, and then within five months it dropped to $21. It now sits at $16.19, down 61%. As a comparison, during this same time period the S&P 500 is up about 75%.
The HH Index is now up 2.1% year-to-date (YTD) while the S&P 500 is up 14.3%. Almost Family is the only stock that is down, both YTD and from one year ago, and Gentiva leads the parade, up 90% from one year ago.
Here are the results for our HH Index. Take a look at the remarkable results from Addus.
|Company||Price 5/31/13||Change in %, Month||Change in %, YTD||Price 5/31/12||Change in %, Year|
|Home Health Index||16.19%||+4.44%||+2.10%||13.89||+16.52%|
GRAPHS: This first graph shows the HH Index compared to the actual prices of the individual companies that make up the chart through May 2013.