Sienna Senior Living Inc T.SIA

Over the wall

[flamingogold]

Will meet some resistance at $13 but should clear it easily as it is just a psychological wall. Next real major wall is $14.20.

[logicandinertia]

Agreed.  Huge technical breakout. has burst thru a multi year downtrend .  

[BlueJay2020]

There is a notional ceiling we are going to bump into at some point, and that's the level of yield.  At $14, the yield will be 6.7% and that's OK,  Once you start getting closer to sub-6, then with the risk free rate at 5% questions start to be asked about alternatives, especially with a manageable but quite high payout ratio.  I'll be asking them myself!  If BCE

[logicandinertia]

Very salient thoughts.   with the likelihood of rate cuts in 2H/24 and 2025, you want to be long interest sensitive stocks with earnings momentum and some secular tailwinds.  Sia traded at an average div yield of 5.5 percent pre Covid for years .  Risk free was much lower so silly to assume it gets back there.  But 6.5 percent dividend yield would suggest a nice cap gain