TSX:CSH.UN - Post by User
Comment by
dildonmeon Oct 04, 2008 8:35am
270 Views
Post# 15504630
RE: Whats up with the Stock
RE: Whats up with the Stockthey will miss earnings again...hey they have done so for over a year and good reason for it. first off they give all the money back they make to us..lol..secondly they have spent big money to re-vamp the quebec division which they are buying out what they don't own and that surely had to cost them some earnings.. figure they have had to close beds to fix the floors..they don't walk over granny and tell her to hold the paint brush..lol,
Now having said that I still see this company making close to 90 cents per share profit next year... even if you take out a dime on the earnings at worst. give this a partly 13 times forward P/E and you have a fair price at what they can be bought out at. the sector from HCP to Ventas to chartwell and others in between are trading at about 13-14 P/E today! and if you look they have significant revenues per share..Bank stocks don't have that kind of revenues per share!
This stock is at fire sale prices just at todays prices as the largest company of it's kind in canada and buildings that are newer then anyone else they should be trading at least 13 P/E today. the value is hidden here all for a purpose if you ask me. I'll bet the first offer is not the last. where else can you get that value int hsi market when everyone else looks to be broke..... these guys are not broke!