RE:RE:RE:RE:RE:CEO;s comments on Sioux project in repy yo my emailThe Canadian market is huge for RHT. Here's a link to some Health Canada Statistics dated 2011, but that's the Fed's slowness, first a quote:
In 2011, 352,205 seniors aged 65 and over, or 7.1% of all seniors, lived in a collective dwelling that focussed on special care to seniors (see Box 2). The prevalence of seniors living in special care facilities, such as nursing homes, chronic care and long-term care hospitals and residences for senior citizens, increased with age (Figure 4). Among the age group 65 to 69, about 1% lived in special care facilities in 2011; among seniors aged 85 and over, the proportion was 29.6%. (https://www12.statcan.gc.ca/census-recensement/2011/as-sa/98-312-x/98-312-x2011003_4-eng.cfm).
That's huge and those numbers are for assisted living, which means they have health concerns that may need monitoring. That's also 2011, which means likely that 2018 figures are much higher.
Also, the entire seniors population in Canda in 2011 was approximately 4.9 million (same reference as above). Not sure what it is in 2018. Now, just about every senior is on some type of medication ranging from high blood pressure (extremely common) to diabetes (becoming increasingly more common) and of course various cancer drugs.
RHT has a chance to become the provider of choice in Canada and the market in Canada alone is huge. With RHT's continuing success in the U.S., I don't know why people are pessimistic about this stock. I own and I am awaiting a three year payoff. Now, crunch your won numbers based on Canada's senior population, 5-10/sharer is not impossible, in fact, I agree with those who say that in one or two years, this stock could reach 5/share. In fact, we are well on our way.