Sienna Senior Living Inc LWSCF

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

[newcoin]

Who is holding the s/p down and why? Thinly traded stock is easily manipulated. Take advantage of this opportunity while it's available.

[flamingogold]

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

[newcoin]

Good post. There was an article on BNN today (after you posted) saying basically the same thing about the sector. You should have been on TV.

[BlueJay2020]

Yep, and add to that the general impact of higher interest rates, not only on profitability of Sienna but also on the attractiveness of the dividend to investors who could get 5% risk-free.  6 percent in a small cap isn't going to cut it for many. This headwind will become a tail wind as some of these increases unwind over the next year or two. I have a portfolio of about 30 stocks

[flamingogold]

Nice he hear from you again BlueJay. I have a big position as well spread across SIA, EXE and CSH.un. Good move to open that TFSA, the best gift, among only a few, that the government gives Canadians. It should be the first place to park new money, and not for cash or GICs. Snce your son is now 18 he is also likely eligible for the new FHSA (First Home Savings Account) which just launched

[BlueJay2020]

Yep, been looking at the FHSA - the only wrinkle is that you have to use within 15 years of opening, so he would have to buy by aged 33 or transfer to an RRSP.  Not the end of the world if that happens. The quicker you open the account the quicker you build up contribution room to grow tax-free, so we'lll probably just get it done.