Sienna Senior Living Inc T.SIA

Over $14 at last

[BlueJay2020]

Seemed to take an eternity to get there but we did it.  I wonder how much today's announcement in Ontario about training for extra staff helped.  I think it's more of a momentum play with society opening up - if that's the case, I think we could see similar daily gains for the rest of this week.  There is increasingly less reason why the SP should be 20% lower than its 52W high.

[gashole]

52 week high?? It was $20.30 only a few weeks earlier... You cant look at the 52 week high to evaluate, you have to look at pre pandemic. Very soon $14 or where ever it is will be its 52 week high.. It will be making new highs, I get reminders on yahoo for new 52 week highs, soon my phone is going to be going nuts, so many stocks are going to be at 52 week highs. 

[bodiggity]

We are all getting paid handsomely to wait for the return of better time.  This stock is a no-brainer, as I have said before.  Buy it and just wait, collect the div. Rinse repeat.

[gashole]

Odd... was there some negative news out on old age homes? I had all my reits up big and SIA is sucking wind.. Down all day. Not worried, just wondering

[gashole]

I am still holding this but every single time there is some kind of an outbreak its at a nursing home... Cannot catch a break... in time it will be all good, but I see better value in HR. I sold 1/2 this last week over $14, and bought more HR at $14, this has since dropped back to the $13's, and my HR has gone up almost a buck... i think this will still hit $18 or $19 within the next 18 months

[NobleFr]

I own both companies too but have 4 times more money in Sienna than in HR REIT. Both are recovery plays for me. I just feel long term care will recover to pre-covid levels and more while malls and offices might never fully recover from the pandemic.

[BlueJay2020]

Thats almost exactly where I am in my ratio of both stocks and the rationale. Added to that is the market seems to prefer pure play REITS rather than diversified. I had a large holding in HR at $10 bucks but cashed in when I could see there wasn't going to be a big pop.   But bought back in in February as I think there is more to come... i have been full weight on Sienna since around

[gashole]

I agree SIA should do well, as for HR, I am looking 3 to 5 years out, the projects they have on the go could get the stock to double from these levels, also the dividend will eventually be back to where it was and higher, - my cost is $12.30, so that would give me a 11.2% yield on my investment, the quality of their holdings is shining through with well over 90% of rents being collected. SIA will