EXE, CSH and SIA all greenAll 3 of my long term care equities are green and paying an average 8% distribution This covid destroyed sector is back. Why?
First, pandemics always end, which the
WHO officially declared this week. Second, we have 10,000 people retiring daily, the most ever and the demand for LTC beds will only increase. Third, despite all the bantering, governments will never fully own this sector. Public enterprise simply does not have the financial incentive needed to run them.. Just look at Toronto's Eglinton Crosstown as an example of fiscal responsibility. Over budget, years behind schedule and still not opened.