Sienna Senior Living Inc

SIA-T

Analysis and Opinions about SIA-T

Signal
Opinion
Expert
COMMENT
COMMENT
November 17, 2016

Great company. They have some government-funded assets, but are also expanding more into the private pay. There is a lot of growth there. If you are a REIT investor, you want to have exposure to the seniors living space, because it is going to outperform any of the other REITs over the next cycle.

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Great company. They have some government-funded assets, but are also expanding more into the private pay. There is a lot of growth there. If you are a REIT investor, you want to have exposure to the seniors living space, because it is going to outperform any of the other REITs over the next cycle.

HOLD
HOLD
August 16, 2016

(Market Call Minute.) She likes the sector, but it is not the name she would prefer. Has an attractive yield.

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(Market Call Minute.) She likes the sector, but it is not the name she would prefer. Has an attractive yield.

COMMENT
COMMENT
August 16, 2016

He has no problems with this. If rates were to go up sharply, you would probably see a correction.

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He has no problems with this. If rates were to go up sharply, you would probably see a correction.

BUY
BUY
May 20, 2016

Luxury senior resident REITs? He would look at this. Likes their properties. Their cash flow payment has been pretty steady. Management is extremely good.

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Luxury senior resident REITs? He would look at this. Likes their properties. Their cash flow payment has been pretty steady. Management is extremely good.

COMMENT
COMMENT
May 17, 2016

(Market Call Minute.) Has demographics in their favour, so they’ll continue to grow. Have had nice numbers in the recent past, and will probably continue to make acquisitions, and the stock will go higher. Also, pays a bit of a yield.

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(Market Call Minute.) Has demographics in their favour, so they’ll continue to grow. Have had nice numbers in the recent past, and will probably continue to make acquisitions, and the stock will go higher. Also, pays a bit of a yield.

BUY
BUY
May 6, 2016

(Market Call Minute.) This gives you exposure to the seniors’ sector.

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(Market Call Minute.) This gives you exposure to the seniors’ sector.

WAIT
WAIT
October 2, 2015

It is a good name with some recent deals in seniors’ housing. It is trading near its highs. They have years of redevelopment plans in their long term care. It will support very nice growth. Over the next couple of years it will only have 3.5% growth. It is bid up. CSH.UN-T is preferred. He would also look at REITs that were more beat up recently.

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It is a good name with some recent deals in seniors’ housing. It is trading near its highs. They have years of redevelopment plans in their long term care. It will support very nice growth. Over the next couple of years it will only have 3.5% growth. It is bid up. CSH.UN-T is preferred. He would also look at REITs that were more beat up recently.

WATCH
WATCH
September 21, 2015

The dividend will be safe. You have seen quite a few acquisitions in this space. It is not a name for him now, but could be in the future.

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The dividend will be safe. You have seen quite a few acquisitions in this space. It is not a name for him now, but could be in the future.

DON'T BUY
DON'T BUY
April 22, 2015

Seniors housing, but more of acute care. It is government pay and there is a very long waiting list of people who need the services. His concern is that this has had a very good run and they have been slowing down some of their growth tempering expectations, and the stock has continued to rise. Kind of into nosebleed territory.

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Seniors housing, but more of acute care. It is government pay and there is a very long waiting list of people who need the services. His concern is that this has had a very good run and they have been slowing down some of their growth tempering expectations, and the stock has continued to rise. Kind of into nosebleed territory.

COMMENT
COMMENT
March 31, 2015

This is generally a very solid business, because you have the province funding the healthcare costs. Good demographics. As a sector, it was always cloudy because of the US exposure, but now they have sold those off and it will be a clean sector. He wouldn’t be surprised if institutions start gravitating towards this sector.

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This is generally a very solid business, because you have the province funding the healthcare costs. Good demographics. As a sector, it was always cloudy because of the US exposure, but now they have sold those off and it will be a clean sector. He wouldn’t be surprised if institutions start gravitating towards this sector.

COMMENT
COMMENT
November 13, 2014

Has had a love/hate relationship over the years. Right now he thinks it is a little expensive. Missed on their last quarter however the stock continued to go up. Prefers Chartwell Seniors Housing (CSH.UN-T). You are safe in this sector as there is a demographic shift as older people need more care. There is a lot of money coming from the US and buying into the Canadian sector. They view it as very safe with the discount to what US seniors homes are trading at.

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Has had a love/hate relationship over the years. Right now he thinks it is a little expensive. Missed on their last quarter however the stock continued to go up. Prefers Chartwell Seniors Housing (CSH.UN-T). You are safe in this sector as there is a demographic shift as older people need more care. There is a lot of money coming from the US and buying into the Canadian sector. They view it as very safe with the discount to what US seniors homes are trading at.

TOP PICK
TOP PICK
October 6, 2014

Long Leisureworld Seniors Care 3.474% Secured Debentures due 2021, Short Gov’t of Canada 3.5% Jun 2020 Bond. He only cares about LW-T and the short is to take care of interest rate exposure. There is the potential for a very big capital gain on LW-T. The government has stopped giving new licenses for this business. It reduces competition. There are 80k long term care beds in Ontario and a waiting list of 21k. They will be 100% occupied because of the waiting list. It is like a regulated utility with increasing profit.(Stock price will not match as this is a bond.)

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Long Leisureworld Seniors Care 3.474% Secured Debentures due 2021, Short Gov’t of Canada 3.5% Jun 2020 Bond. He only cares about LW-T and the short is to take care of interest rate exposure. There is the potential for a very big capital gain on LW-T. The government has stopped giving new licenses for this business. It reduces competition. There are 80k long term care beds in Ontario and a waiting list of 21k. They will be 100% occupied because of the waiting list. It is like a regulated utility with increasing profit.(Stock price will not match as this is a bond.)

BUY WEAKNESS
BUY WEAKNESS
September 19, 2014

Likes this one. Sees this growing at about 14%. Dividend looks pretty good with the payout ratio of 70%. Cheap relative to some others. Probably fairly valued here because of its higher risk profile. He would Buy at around $13.

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Likes this one. Sees this growing at about 14%. Dividend looks pretty good with the payout ratio of 70%. Cheap relative to some others. Probably fairly valued here because of its higher risk profile. He would Buy at around $13.

COMMENT
COMMENT
August 8, 2014

This is one of his longest holding REITs. He likes it because the composition is mostly old age homes, so it has the demographics behind it. They have consistently delivered on the dividend. His company has a target of $13.25. He is starting to take some money off the table on this. 7% yield.

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This is one of his longest holding REITs. He likes it because the composition is mostly old age homes, so it has the demographics behind it. They have consistently delivered on the dividend. His company has a target of $13.25. He is starting to take some money off the table on this. 7% yield.

BUY
BUY
January 16, 2014

Leisure World (LW-T) or Chartwell (CSH.UN-T)? He likes both. This one is very cheap at 8.7X 2014 estimates. Also, have very low payout ratio of 70%. He sees 15% compounding growth from 2013 to 2015 with their successful integration with their specialty care purchase.

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Leisure World (LW-T) or Chartwell (CSH.UN-T)? He likes both. This one is very cheap at 8.7X 2014 estimates. Also, have very low payout ratio of 70%. He sees 15% compounding growth from 2013 to 2015 with their successful integration with their specialty care purchase.

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