Sienna Senior Living Inc

SIA-T

Analysis and Opinions about SIA-T

Signal
Opinion
Expert
BUY
BUY
June 21, 2011
Is a defensive name, has a good yield/income to it. Believes that the yield is sustainable. It's in the nursing home sector primarily, and expanding into the retirement home side. Focused in Canada. Board is strong. 8% yield.
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Is a defensive name, has a good yield/income to it. Believes that the yield is sustainable. It's in the nursing home sector primarily, and expanding into the retirement home side. Focused in Canada. Board is strong. 8% yield.
TOP PICK
TOP PICK
May 30, 2011
Low payout ratio. Nursing homes. Good management.
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Low payout ratio. Nursing homes. Good management.
DON'T BUY
DON'T BUY
May 26, 2011
Long term care housing so operating margins will be thinner. Long term care requires professional help such as nurses so expenses will be higher. Will have to relocate some of their class C assets.
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Long term care housing so operating margins will be thinner. Long term care requires professional help such as nurses so expenses will be higher. Will have to relocate some of their class C assets.
DON'T BUY
DON'T BUY
April 20, 2011
Long term care facilities in Ontario. Not a big fan as he feels it was overpriced on the IPO. About half the portfolio (“A” quality assets) is fairly valued at about an 8% cap yield and the rest, B and C, were probably fairly valued at 12% to 13% but brought it all out as an 8% cap yield. Feels distribution is sustainable for the next couple of years. Expect investors will be left behind by some of the better quality REITs. 2 new acquisitions will improve their quality.
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Long term care facilities in Ontario. Not a big fan as he feels it was overpriced on the IPO. About half the portfolio (“A” quality assets) is fairly valued at about an 8% cap yield and the rest, B and C, were probably fairly valued at 12% to 13% but brought it all out as an 8% cap yield. Feels distribution is sustainable for the next couple of years. Expect investors will be left behind by some of the better quality REITs. 2 new acquisitions will improve their quality.
BUY
BUY
January 18, 2011
Solely focused in Ontario, which he likes. They get CMHC financing for upgrading facilities. Well run and cheap relative to its peers. Under levered.
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Solely focused in Ontario, which he likes. They get CMHC financing for upgrading facilities. Well run and cheap relative to its peers. Under levered.
BUY
BUY
January 11, 2011
Nursing homes operator in Ontario and probably one of the best operational teams out there. Revenues and increases in pricing completely controlled by the Ontario government.
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Nursing homes operator in Ontario and probably one of the best operational teams out there. Revenues and increases in pricing completely controlled by the Ontario government.
TOP PICK
TOP PICK
December 23, 2010
Long term health care. Nice demographic play in Ontario. Currently there is a 26,000 backlog of needed beds. Not expensive on a funds to operation basis at about 10X. 8.10% yield. Expecting reasonable growth.
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Long term health care. Nice demographic play in Ontario. Currently there is a 26,000 backlog of needed beds. Not expensive on a funds to operation basis at about 10X. 8.10% yield. Expecting reasonable growth.
TOP PICK
TOP PICK
November 1, 2010
8.4% yield. Ontario only. 40,000 more beds over the next 10 years. Can get CMHC funding. Getting 3% funding. Have to upgrade a lot of their retirement space to get funding. There is a huge barriers to new competitors.
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8.4% yield. Ontario only. 40,000 more beds over the next 10 years. Can get CMHC funding. Getting 3% funding. Have to upgrade a lot of their retirement space to get funding. There is a huge barriers to new competitors.
BUY
BUY
October 7, 2010
Long-term care homes, largely in Ontario. Hasn't had a great reception from the market and he likes it more than the market does. Business is quite good. Good long-term hold. Good yield at 8.2%.
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Long-term care homes, largely in Ontario. Hasn't had a great reception from the market and he likes it more than the market does. Business is quite good. Good long-term hold. Good yield at 8.2%.
TOP PICK
TOP PICK
September 1, 2010
Operate long-term care facilities in Ontario where they get provincial funding. 8.5% yield. Limited competition because of the barriers to entrance in this field.
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Operate long-term care facilities in Ontario where they get provincial funding. 8.5% yield. Limited competition because of the barriers to entrance in this field.
BUY
BUY
July 28, 2010
Senior care. Recent IPO. 9% dividend yield so you get the dividend tax credit. A much less risky way to play the nursing care space.
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Senior care. Recent IPO. 9% dividend yield so you get the dividend tax credit. A much less risky way to play the nursing care space.
Showing 76 to 86 of 86 entries