Chartwell Retirement Residences T.CSH.UN

RE: 1 year gone - mid sept.

[dildonme]

Yes I heard that too infact that was not a secret it was in the con call after they shut down their special commitee which milked the company of a few million bucks.

They did not walk away they were shunned out of pure greed. There was an offer on the table for $16.50 the company wanted $18.  The CEO could not close a deal if it hit him in the head. The way this company is heading is a perfect senario for managment to get a partner with big bucks like a teachers fund or Cassie from Quebec and take it private. the numbers are there for a great score it they pull it off. Profits will grow with each quarter that comes. They miss their numbers only on exchange rates the divvy tells you they are still making money hand over fist and the best con out of all this is that the management owns SPECTRUM which they bulid up a new center, inflate the price and sell it to the right hand with nobody saying nothing. They get to eat their pie after selling it too in all retrospect. Still shake my head on how they get away with it.

They will be sold, they have to be, only 2 years to go. but the price I figure is in the high $12's at best. It's not like they are not making money..you see the divvy?? that all profit from them.