Daily Stock Opinions and Ratings

Opinions

Paul Gardner, CFA Retirement Residences REIT RRR.UN-T DON'T BUY Jul 07, 2006

Largest “retirement home” owner in Canada. Have had a real problem. They have two choices. 1) They get acquired or 2) cut or suspend distributions.

Paul Gardner, CFA

Unlock Rating

$7.690

Stock price when the opinion was issued

property mngmnt investment

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

DON'T BUY

Three main retirement REITs that he owns are Sunrise Senior Living (SZR.UN-T), Chartwell Seniors Housing (CSH.UN-T) and Retirement Residences (RRR.UN-T). Chartwell would be his top pick. This one is going through a takeover process. Has underperformed.

DON'T BUY

Payout ratio, based on Adjusted Funds From Operations, is well in excess of 100%. Have put themselves up for sale. Chartwell (CSH.UN-T) are dropping out of the bidding process. Concerned about their continuing distribution.

COMMENT

Been a complete mess lately. Up for sale and a potential bidder, Chartwell, dropped out. That took the stock down. Thinks it will get sold for a higher price than what it is trading at, maybe $9.50.

BUY

Has an outperform rating on it. Purely speculative play and not for the risk adverse or dividend seeking investor. She is banking on a takeout.

DON'T BUY

Has been forced into putting itself up for sale. They have been notorious over payers. If a buyer does not materialise, there will probably be a distribution cut.

BUY ON WEAKNESS

Paul Reichmann plans to join the bidding for this company. Feels there will be more bids. At anything below $7.50, the risk/reward is very good and you should be buying.

SELL

Take the money and run.

SELL

Sold this trust at $10.00 many months ago. If you own recommends selling half of shares at around $8.00. It is best to take a little bit off the table just in case it goes down to $6.50-7.00. Believes that there are better REITS out there.

COMMENT

Being acquired by a pension fund. Expects the vote later on will accept the offer.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Paul Gardner, CFA Retirement Residences REIT RRR.UN-T DON'T BUY Jul 07, 2006

You might be interested:

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Retirement Residences REIT(RRR.UN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights