We Sold USPH Yesterday

We decided to take our gain on U.S. Physical Therapy (USPH). We bought on September 13, 2006 and sold on April 9, 2007 for a gain of 20.05%. How many days did we hold it? 30+31+30+31+31+28+31+28(days from March 13th to April 9th) equals 240 days. 365 divided by 240 equals 1.52. 1.52 x 20.05% = 30.48% annualized. As I have mentioned before, I don't know if this is the method the SEC approves of, but it's a basic math problem to me. As long as mistakes aren't made, I believe this formula comes close. I might have to check the math on the post from last week as this multiplier looks familiar.

Interestingly, Zacks has something good to say about USPH.

Click on the title of today's post to view the Google Finance page on USPH.

From the USPH website:

U.S. Physical Therapy, Inc. is the developer and operator of over 250 outpatient physical and occupational therapy clinics nationwide.

Our philosophy is to form a true partnership with therapists who have the skills, relationships, and drive to open their own outpatient therapy clinic. We combine your strengths, clinical skills and physician relationships, with our strengths, financial and operational support, to form a partnership that delivers high-quality care built around your treatment philosophy.

For 15+ years we have partnered with over 200 therapists across the country and helped them reach their dream of owning and operating their own therapy clinic. You have never seen a “U. S. Physical Therapy” clinic because they don’t exist; our clinics are individually named and operated by our partners. Our philosophy is to operate locally with partners who have a vested interest in their clinics success while providing them the support they need in a highly-regulated, competitive and ever-changing health care environment.

Our clinics are built around our partners and their skills and interests. As such, no two clinics are the same. We have clinics that specialize in sports medicine, hand therapy, spine, occupational medicine and some that do general therapy. We have many partners who have one facility and many others with multiple locations. The U.S. Physical Therapy partnership is what we as partners make of it, working together to develop opportunities in your market.