TSX:CSH.UN - Post by User
Comment by
NonCredibleSrcon Nov 29, 2021 4:52pm
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Post# 34177477
RE:Omicron concerns?
RE:Omicron concerns?prested wrote: I wonder if the emergence of a new strain of Covid, which sounds pretty serious, is affecting the SP. Scotia still has a 1 year $14, but they are frequently wrong IMO. Great dividend yiled at 5%+ but maybe better off in a safer space. Opinions?
Not Covid.
See my earlier post here -->
Chartwell Retirement Residences Unit | T.CSH.UN Stock Message Board & Forum | Stockhouse Some of those items still outstanding - pair that with the last quarterly results and you get wha we have here.... I still wonder why they had to do a placement....
Anyways - last quarterlies reflected the summer - people less vaccinated and still leary of sending ma and pa to the ol' retirement residence. I believe those numbers will change for the next quarter. Same home occupancy I expect to be up substantially if all geos are in the same position as the ones I am aware of. Need to see (show) revenues come up again to the point where the dividend remains sustainable. Then we see a bounce.
Until then I see value at current (today's) level long-term. Guessing (yes, guess) a low of $11 or VERY high $10s before we get our rise.