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Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.


TSX:SIA - Post by User

Comment by flamingogoldon Mar 23, 2023 10:32am
198 Views
Post# 35356090

RE:You Have To Wonder What Game Is Being Played With The S/P?

RE:You Have To Wonder What Game Is Being Played With The S/P?The entire sector is weak. I also hold EXE (have held it on and off for close to a decade), and it has followed the downward trend. Chartwell too. All out of favour and unloved.

Labour shortages coupled with overall higher input costs pressure the bottom line. Not to mention, since covid the negative sentiment regarding the "for-profit" model has grown.

Nevertheless, governments don't want to run LTC on their own but have to deal with the public blowback if they offer up too much financial support that ends up padding investor pockets. A dilemma for sure. But, I think once markets settle, financial support will kick in. Better to do this in the face of a rising market than a declining one as we have now.

Patience will eventually reward especially those adding at these covid depressed levels.
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