Sienna Senior Living Inc LWSCF

Lots of Shorts Still

[joebravo]

Not sure how many may have covered their short position since April 30 when there was 1.76 million shorts still open.
If there's still a large short interest, don't let them get your shares on the cheap.
I put mine up at just under $14, but only because I don't want them being borrowed for shorting.
I picked up another 2k shares today at $11.52 as Sienna is by far my largest holding.
I'm very confident this is the best sector for the future even if there's a recession which seems to be on the horizon later this year.
The low volume is indicative of investors holding and not selling out as there is great value here.

[dogatcat]

I bought as well today.    I accumulate cash and try to buy a little every month when I see it drop.   I have all my shares for sale at $14 as well.   I honestly don't see the reason they short this stock?  It is had the stuffing beat out of it.   Interest rates are likely not going any higher.  People are coming back to this stock for monthly

[joebravo]

I agree.  I continue to believe this business is not only recession proof, but it's been around for 50 Years and will be around for another 50 Years and onward. As for interest rates, the Bank of Canada may need to hike rates again next meeting another 1/4 point, but 95% of Sienna's Debt is fixed rates and they already stated at their AGM that they will be renegotiating $150 Million