Centric Health

CHH-T

Analysis and Opinions about CHH-T

Signal
Opinion
Expert
WATCH
WATCH
December 9, 2019
They had a challenging last couple of years. They got over levered. They sold their surgical business. Now you are starting to see them accelerate the pharmacy business. They have less than 10% of the beds in long term care facilities in Canada. They also have a new product to control seniors taking the right medication at the right time. He is waiting to see acceleration in their earnings.
Centric Health (CHH-T)
December 9, 2019
They had a challenging last couple of years. They got over levered. They sold their surgical business. Now you are starting to see them accelerate the pharmacy business. They have less than 10% of the beds in long term care facilities in Canada. They also have a new product to control seniors taking the right medication at the right time. He is waiting to see acceleration in their earnings.
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$0.155
Owned
No
PAST TOP PICK
PAST TOP PICK
October 31, 2019
(A Top Pick Dec 03/18, Down 56%) One of Canada's largest distributors of medications to senior's residences, retirement homes and long term care facilities. They divested themselves of surgery clinics. They got a much lower price than the market was anticipating and so have less cash to pay down debt. The core business, however, had excellent results and continues to improve. They announced a financing and he is going to vote in favour of it. It will give them the ability to grow the core business, which is fragmented across Canada. An easy double or triple over the next few years.
Centric Health (CHH-T)
October 31, 2019
(A Top Pick Dec 03/18, Down 56%) One of Canada's largest distributors of medications to senior's residences, retirement homes and long term care facilities. They divested themselves of surgery clinics. They got a much lower price than the market was anticipating and so have less cash to pay down debt. The core business, however, had excellent results and continues to improve. They announced a financing and he is going to vote in favour of it. It will give them the ability to grow the core business, which is fragmented across Canada. An easy double or triple over the next few years.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.130
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 10, 2019
(A Top Pick Sep 24/18, Down 68%) He still likes it. It's the biggest specialty pharma distributor of meds to seniors residences in Canada. The stock got hammered recently, because they didn't get the price the market expected for selling the surgery clinics (the deal closes Sept. 30). Still, they will pay down a lot of debt with this deal. The new CEO has done a fantastic job by cutting costs and increasing gross margins, but the market is ignoring this. Their EBITDA is growing. When the sale closes, he'll buy more stock.
Centric Health (CHH-T)
September 10, 2019
(A Top Pick Sep 24/18, Down 68%) He still likes it. It's the biggest specialty pharma distributor of meds to seniors residences in Canada. The stock got hammered recently, because they didn't get the price the market expected for selling the surgery clinics (the deal closes Sept. 30). Still, they will pay down a lot of debt with this deal. The new CEO has done a fantastic job by cutting costs and increasing gross margins, but the market is ignoring this. Their EBITDA is growing. When the sale closes, he'll buy more stock.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.130
Owned
Yes
DON'T BUY
DON'T BUY
June 10, 2019
It is not a good entry point. They got hit when governments were not reimbursing as much for prescriptions. They seem to have stabilized that. He is nervous about it.
It is not a good entry point. They got hit when governments were not reimbursing as much for prescriptions. They seem to have stabilized that. He is nervous about it.
Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$0.215
Owned
No
HOLD
HOLD
June 3, 2019
He is waiting for a catalyst. They are trying to sell their surgery clinics in Ontario and BC. As soon as that is announced they can pay down a huge amount of debt. The new CEO is really good and there is real potential to grow the business going forward.
He is waiting for a catalyst. They are trying to sell their surgery clinics in Ontario and BC. As soon as that is announced they can pay down a huge amount of debt. The new CEO is really good and there is real potential to grow the business going forward.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.220
Owned
Unknown
COMMENT
COMMENT
May 1, 2019
A disappointment. The stock has fallen a lot. They are selling off their western surgical division which should pay off a lot of their debt. They recently added a home-delivery system of pills to seniors, which may be revolutionary. CHH has signed up to be an exclusive provider of cannabis to seniors care facilities--and this could be profitable.
A disappointment. The stock has fallen a lot. They are selling off their western surgical division which should pay off a lot of their debt. They recently added a home-delivery system of pills to seniors, which may be revolutionary. CHH has signed up to be an exclusive provider of cannabis to seniors care facilities--and this could be profitable.
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$0.235
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
April 4, 2019
(A Top Pick Apr 11/18, Down 42%) It has been very disappointing. He was hoping they would see quite a few catalysts which didn't materialize. They signed a deal making them an exclusive distributor of cannabis into nursing homes. When we have alternative delivery systems, this will probably accelerate.
(A Top Pick Apr 11/18, Down 42%) It has been very disappointing. He was hoping they would see quite a few catalysts which didn't materialize. They signed a deal making them an exclusive distributor of cannabis into nursing homes. When we have alternative delivery systems, this will probably accelerate.
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$0.280
Owned
Yes
BUY
BUY
January 28, 2019
It will be the turnaround story for 2019. They are cutting costs in the pharma business. They have these surgery clinics that are up for sale. The market is speculating that they will get a really good price for them. They will pay down most of their debt. They may become more of a takeover target in a couple of years.
Centric Health (CHH-T)
January 28, 2019
It will be the turnaround story for 2019. They are cutting costs in the pharma business. They have these surgery clinics that are up for sale. The market is speculating that they will get a really good price for them. They will pay down most of their debt. They may become more of a takeover target in a couple of years.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.365
Owned
Unknown
DON'T BUY
DON'T BUY
December 28, 2018
Overall the health care sector is a good one. EPS are expected to be $0.01 in 2019 -- making the company basically break-even. They also provide bulk purchases in a pharmacy setting with a technology application for each customer. They plan to expand into Quebec. It is not a stock to be buying just yet.
Centric Health (CHH-T)
December 28, 2018
Overall the health care sector is a good one. EPS are expected to be $0.01 in 2019 -- making the company basically break-even. They also provide bulk purchases in a pharmacy setting with a technology application for each customer. They plan to expand into Quebec. It is not a stock to be buying just yet.
Robert McWhirter
President, Selective Asset Management
Price
$0.290
Owned
No
BUY
BUY
December 12, 2018
There could be a number of metrics coming in their favor soon. They have been trying to sell off their surgical division, which would allow for growth in other areas. They dispense a lot of pharma into nursing homes. They have some exclusive agreements with cannabis suppliers into these facilities. They have a home dispensing products for pills that he thinks will be very positive.
Centric Health (CHH-T)
December 12, 2018
There could be a number of metrics coming in their favor soon. They have been trying to sell off their surgical division, which would allow for growth in other areas. They dispense a lot of pharma into nursing homes. They have some exclusive agreements with cannabis suppliers into these facilities. They have a home dispensing products for pills that he thinks will be very positive.
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$0.295
Owned
No
TOP PICK
TOP PICK
December 3, 2018
One of Canada's largest distributors of medication to seniors' residences. They will announce they are selling non-core assets. They will get to pay down pretty much all their debt. He really expects this stock to move up rapidly – a double to a triple over the next year. This is an industry that is growing. (Analysts’ price target is $0.65)
Centric Health (CHH-T)
December 3, 2018
One of Canada's largest distributors of medication to seniors' residences. They will announce they are selling non-core assets. They will get to pay down pretty much all their debt. He really expects this stock to move up rapidly – a double to a triple over the next year. This is an industry that is growing. (Analysts’ price target is $0.65)
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.295
Owned
Yes
COMMENT
COMMENT
November 27, 2018
Has shed 65% this year. They are introducing medical cannabis in some of their senior living homes, which is interesting. Balance sheet is not great. He's neutral, but would not make it a core holding.
Centric Health (CHH-T)
November 27, 2018
Has shed 65% this year. They are introducing medical cannabis in some of their senior living homes, which is interesting. Balance sheet is not great. He's neutral, but would not make it a core holding.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.220
Owned
Unknown
BUY
BUY
October 4, 2018

They are a specialty pharmacy. If you are in a long term care facility they package all the drugs into a package for you. They help patients take the right medication at the right time in the right dose.

Centric Health (CHH-T)
October 4, 2018

They are a specialty pharmacy. If you are in a long term care facility they package all the drugs into a package for you. They help patients take the right medication at the right time in the right dose.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$0.400
Owned
Yes
TOP PICK
TOP PICK
September 24, 2018

Probably one of the biggest turnaround stories in the next two years. They got into some debt troubles and sold almost everything . They are now one of the leaders in Pharma and healthcare services for seniors residences. The new CEO is from Cardinal Health. He will grow the company. The stock has come down and the new CEO has put in aggressive cost cutting measures. They just signed an agreement for distribution of cannabis to seniors. Their robot medication dispenser for the home will send confirming Emails to loved ones and save a lot of money by encouraging people to stay at home. It is bargain basement priced. (Analysts’ target: $0.65).

Centric Health (CHH-T)
September 24, 2018

Probably one of the biggest turnaround stories in the next two years. They got into some debt troubles and sold almost everything . They are now one of the leaders in Pharma and healthcare services for seniors residences. The new CEO is from Cardinal Health. He will grow the company. The stock has come down and the new CEO has put in aggressive cost cutting measures. They just signed an agreement for distribution of cannabis to seniors. Their robot medication dispenser for the home will send confirming Emails to loved ones and save a lot of money by encouraging people to stay at home. It is bargain basement priced. (Analysts’ target: $0.65).

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$0.360
Owned
Yes
COMMENT
COMMENT
July 25, 2018

Disappointing. They contoinue to ramp up their number of beds, but their surgery centres are a wild card. Hang on if you own it. Most of the bad news is behind them, and their number should rise going forward.

Disappointing. They contoinue to ramp up their number of beds, but their surgery centres are a wild card. Hang on if you own it. Most of the bad news is behind them, and their number should rise going forward.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$0.290
Owned
Unknown
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