Daily Stock Opinions and Ratings

Opinions

Ravi Sood Retirement Residences REIT RRR.UN-T BUY ON WEAKNESS Jul 21, 2006

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.

Ravi Sood

Owned

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$7.480

Stock price when the opinion was issued

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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.

DON'T BUY

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.

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.

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Ravi Sood Retirement Residences REIT RRR.UN-T BUY ON WEAKNESS Jul 21, 2006

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