RE:RE:RE:RE:BNN Market Call Top PickThe LTC sector is so fragmented in Canada - if memory serves, there are around 2000 LTC facilities and about half of them are publicly owned. Sienna and Extendicare own less than 5% of the total between them (not sure how it breaks down in terms of percentage of beds).
If you look at what Boyd are doing for auto repair shops and Park Lawn for funeral homes (equally fragmented sectors), can a Sienna start to do something similar. Obviously this sector is more tightly regulated, but still. One would think there is money to be made by economies of scale and investing in best practices? With interest rates so low, debt is more affordable than ever, and some acqusitions could be share-based.
If you think about it, even at a SP of $20, Sienna's market cap is really small in the grand scheme of things. It's not barely a rounding on Shopify's value! Wouldn't it be in the best interests of everyone to have some much bigger players?