Chartwell Retirement Residences (CSH.UN.TO)

(A Top Pick Sept 11/15. Up 30.61%.) Likes this a lot. An operator of retirement residences. The superior operator of all the public entities. This has run really well, so wouldn’t be adding more at this level. If anything, you may want to consider trimming.

(Market Call Minute.)

(A Top Pick May 30/16. Up 7.08%.) This is a defensive stock.

Likes the theme on this. This should continue to do well. It is going to be very sensitive to interest rates, so keep that in mind. If rates were to go up, you would see a pretty material pullback. He does not expect that rates will be going up in Canada.

The number of people over 65 is going to double over the next 25 years. In 3 of the last 4 years, demand has exceeded supply. They have done a great job of sourcing and building their margins. Wait for a pullback.

The REIT space has run up so much that when bad news comes out, these are going to get hammered quickly. You have to ask yourself if you are there for the yield or the share price appreciation. If you are there for the yield, you can get a similar one in other names which will not be as sensitive. If you are there for share price appreciation, these have run up so much. He would be very cautious.

(Top Pick May 30/16, Up 4.54%) It is defensive and dividend paying. He will be out by October/November. It is a seasonal issue.

(A Top Pick July 14/15. Up 41.47%.) A senior housing operator. Sold off their US assets, and the money they made on that has been reinvested in Canada. Post the recession, the occupancy rate of a lot of their homes were lower, because of the overbuilding of seniors housing. That is now bouncing back up. Dividend yield of about 3.5%.

(Market Call Minute) The demographics are behind them. They execute well and make nice transactions. Nice technically as well.

This is expensive, because it is expensive to live there. Fabulous facilities. Has had a great run. You have to pay a premium when there is nothing else like it in Canada.

Chart shows a very strong upward trend since 2009. It recently hit a new 52 week high. This is in a good sector and it has growth.

This has gone straight up in the last year. With volumes being what they are, there is no reason to Sell this. It looks like a stock that is ready to go higher.

REITs in general have been pretty good. He cherry picked this one as the most defensive. There is a little breakout and so he bought it. He likes the yield and the defensiveness.

Seasonally the stock has a tendency to move very well like most REITs, from March through until about October. Technically it is currently in an uptrend and is outperforming the market.

Just released their numbers last night and hit the ball out of the park. Thinks it is fully valued at this level. Earnings and occupancy have been very strong. Very good operators.