Sienna Senior Living Inc

SIA-T

Analysis and Opinions about SIA-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
August 23, 2012

Chartwell is his preference in this space. You’ll do okay. 7% yield is safe. He likes the seniors’ housing landscape.

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Chartwell is his preference in this space. You’ll do okay. 7% yield is safe. He likes the seniors’ housing landscape.

DON'T BUY
DON'T BUY
July 20, 2012
Long-term care assets are not high-growth cash assets. Also half of the portfolio are B and C assets which will have to be redeveloped into A assets at some point.
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Long-term care assets are not high-growth cash assets. Also half of the portfolio are B and C assets which will have to be redeveloped into A assets at some point.
COMMENT
COMMENT
June 4, 2012
Owner/operator of seniors housing, mainly long-term care but increasingly retirement homes. Distribution is very safe. He is not a big fan of seniors housing. There are material operating risks 2-3 years out on this name in terms of having to rebuild some of their properties.
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Owner/operator of seniors housing, mainly long-term care but increasingly retirement homes. Distribution is very safe. He is not a big fan of seniors housing. There are material operating risks 2-3 years out on this name in terms of having to rebuild some of their properties.
TOP PICK
TOP PICK
March 21, 2012
Integrated long term home care company in Ontario. Not expensive, 7% yield. Good demographic play. There is a long waiting list for beds in this province. As people get older, they need beds in nursing homes.
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Integrated long term home care company in Ontario. Not expensive, 7% yield. Good demographic play. There is a long waiting list for beds in this province. As people get older, they need beds in nursing homes.
BUY
BUY
February 23, 2012
Has been his top pick in the past. He likes the consistency of it. Nursing homes and senior care homes in Ontario specifically. Don’t have to deal with the US like the other companies. You are, in a sense, subsidized by the province. Payout ratio is conservative and 14x price to AFFO.
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Has been his top pick in the past. He likes the consistency of it. Nursing homes and senior care homes in Ontario specifically. Don’t have to deal with the US like the other companies. You are, in a sense, subsidized by the province. Payout ratio is conservative and 14x price to AFFO.
DON'T BUY
DON'T BUY
February 14, 2012
Amica (ACC-T) or Leisureworld (LW-T)? Long-term care revenue comes directly from the government so they are generally smaller increases but pretty much guaranteed. Trades at a huge premium to NAV
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Amica (ACC-T) or Leisureworld (LW-T)? Long-term care revenue comes directly from the government so they are generally smaller increases but pretty much guaranteed. Trades at a huge premium to NAV
COMMENT
COMMENT
December 21, 2011
Focused in Ontario. 7.7% dividend is reliable. Well-managed. Cheap.
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Focused in Ontario. 7.7% dividend is reliable. Well-managed. Cheap.
PAST TOP PICK
PAST TOP PICK
December 5, 2011
(A Top Pick Nov 1/10. Up 15.23%.)
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(A Top Pick Nov 1/10. Up 15.23%.)
PAST TOP PICK
PAST TOP PICK
November 16, 2011
(A Top Pick Nov 1/10. Up 12.76%.)
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(A Top Pick Nov 1/10. Up 12.76%.)
TOP PICK
TOP PICK
November 16, 2011
Low payout ratio and almost 8% dividend yield. Quite secure. If the market drops, it just stays where it is.
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Low payout ratio and almost 8% dividend yield. Quite secure. If the market drops, it just stays where it is.
BUY
BUY
October 18, 2011
Basically nursing homes. Small margin business almost all paid by the government. Ontario government is requiring them to replace a lot of their beds. There is funding for this, but critics feel it is not enough to justify. Feels dividend is safe but doesn't see much growth. Very appropriate for individuals. Yield of a little under 8%. Payout ratio of about 80%.
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Basically nursing homes. Small margin business almost all paid by the government. Ontario government is requiring them to replace a lot of their beds. There is funding for this, but critics feel it is not enough to justify. Feels dividend is safe but doesn't see much growth. Very appropriate for individuals. Yield of a little under 8%. Payout ratio of about 80%.
PAST TOP PICK
PAST TOP PICK
October 11, 2011
(Top Pick Sep 1/10, 16.00%) Unlike competitors, it is Ontario only retirement and nursing homes. Funding formula with province is much more understandable. Cheap financing and demographics work. Election out of the way could put upward pressure on pricing.
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(Top Pick Sep 1/10, 16.00%) Unlike competitors, it is Ontario only retirement and nursing homes. Funding formula with province is much more understandable. Cheap financing and demographics work. Election out of the way could put upward pressure on pricing.
BUY
BUY
September 26, 2011
Likes this one. Fairly low risk sector. Nursing homes with a focus in Ontario. Strong operational management. Distribution is reliable.
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Likes this one. Fairly low risk sector. Nursing homes with a focus in Ontario. Strong operational management. Distribution is reliable.
TOP PICK
TOP PICK
September 8, 2011
(A Top Pick Sept 1/10. Up 12.37%.) Senior care is a really complicated space. This one is so much each year because it has all its retirement/nursing facilities in Ontario. Getting into more higher end real estate and are getting CMHC financing..
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(A Top Pick Sept 1/10. Up 12.37%.) Senior care is a really complicated space. This one is so much each year because it has all its retirement/nursing facilities in Ontario. Getting into more higher end real estate and are getting CMHC financing..
PAST TOP PICK
PAST TOP PICK
August 10, 2011
(A Top Pick Sept 1/10. Up 10.19%.) Still likes. Fantastic company with a conservative capital balance sheet. Room for it to grow.
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(A Top Pick Sept 1/10. Up 10.19%.) Still likes. Fantastic company with a conservative capital balance sheet. Room for it to grow.
Showing 61 to 75 of 86 entries