Sienna Senior Living Inc T.SIA

excert from sia

[goodheart-r]

Retirement Occupancy and Rent Collection

Sienna’s December 2020 average same property occupancy level in the retirement portfolio was 79.8%, a decline from the prior months primarily due to renewed access restrictions at many residences amid the second wave of the pandemic. Throughout the pandemic, rent collection levels continued to remain high, at and above 99%.

		September 2020			October 2020			November  2020			December  2020
Retirement same property occupancy (average)	81.7		%		82.7	%		81.3	%		79.8	%
Retirement rent collection	99.4		%		99.5	%		99.0	%		99.6	%

[goodheart-r]

On January 5, 2021, the Government of Ontario announced an additional $398 million in funding for costs related to enhanced staff and visitor testing requirements and continued prevention and containment efforts. In addition, the Government of Ontario announced the extension of its occupancy protection funding for long-term care residences until February 28, 2021 in support of infection and

[gashole]

They have said they have most residents and staff vaccinated... Covid cases should be plummeting.. Shares are dropping lower, not sure what to make of that. 

[Shirtlessnomore]

None of these have done much since this article, I dont believe it will ever happen but I sold a bunch on the pop and just hold a small position now, government too much of a wildcard, prefer cash for the next dumb government NR and I'm sure there will be many. OTTAWA -- The NDP is calling for the elimination of for-profit long-term care by 2030 in a multibillion-dollar plan presented as a

[BlueJay2020]

More chance of being struck by a meteor than the NDP getting in. Very strong demographics and economics behind this sector. The moat is wider than it was a year ago, not narrower. I am very happy being paid to wait and expect to be 25 per cent higher than the end of the year. 

[Shirtlessnomore]

I completely agree with your assessment bluejay but there are many that run for the exits on such a ridiculous news article. Especially after the negativity around long term care, ironically the government could have prevented alot of it but they were fixated on more important things apparently.

[logicandinertia]

NDP ARE RUNNING AT 18% IN POLLING, ABOUT THE SAME AS THEY WERE AT THE 2019 ELECTION.   In other words, no chance they could be running the show, with the Liberals at 35% and Conservatives at 32%.    LTC impact from COVID  is currently a hot button, so predictably, the socialists are pointing towards it as another potential nationalization project.   This, in my

[BlueJay2020]

All good points.  I think the recent stagnation in the share prices is also connected to the fact that these stocks are basically REITS, and NOT cannabis, bitcoin or meme stocks.   They are not top of mind for people looking to make a quick buck - not like Cineplex or Air Canada for example.  Alimentation Couche Tard is another example of a very stable and undervalued stock

[bcsc]

There is still a lot of uncertainty regarding the changes that will be enacted in the long term care field. While I agree that nationalization is highly unlikely, there is no doubt that the public will demand change. What those changes will be and who will shoulder the burden is the question. Something as simple as requiring full and part time healthcare staff to be paid the same hourly wage may

[BlueJay2020]

If that happens, then they will just put the prices up.  It's a simple case of supply and demand - where else are these people going to go?

[gashole]

It's not cheap to be in one of these homes and getting full-time care but a lot of families are willing to Fork out the money because they don't want to do it themselves I know I wouldn't want my mom and dad living in my house with me... sounds selfish but I mean who would honestly want their parents living with them? My brother has his mother-in-law living with them but she has no

[dogatcat]

My mom is in a private care home  - $4000 a month but what can you do?  She needs full-time care.  There is no way the government is going to even try to take over these beds.  Not even the NDP want that reponsibility.  Just an easy way to get booted out of office when things go wrong.  Nah, this will keep on trucking and the governments at all levels will continue

[dogatcat]

The governments will pony up more $$ for those unable to afford the increase.  One way or another, Sienna gets its cash.

[dogatcat]

Nationalization is non-starter.  No sitting government wants that responsibility.  It is a boondoggle waiting to happen.  More government dollars is all they will provide.  There are simply not enough beds.   Everyone should own SIA.  It is guaranteed easy money.  

[dogatcat]

The NDP do not want to nationalize these care homes.  If something goes wrong, and it always does, they get egg on their face.  What better way to lose power?  No way they go through with that if they magically find themselves in government.  They may be socialists that they are not masochists.