Sienna Senior Living Inc T.SIA

Finding traction once again

[dogatcat]

 

DJ Sienna Senior Living Retirement, Long-Term Care Segments Driving Recovery -- Market Talk

Wednesday, May 17, 2023, 10:40 AM ET

 

1040 ET - RBC says Sienna Senior Living's retirement and long-term care segments are finding traction again, which should support continued recovery in organic growth and margins. Pammi Bir in a note says, "Retirement growth was driven by higher occupancy and rents, partly offset by higher operating costs, while LTC was partially aided by a C$3M prior period pandemic cost recovery." Bir adds that Sienna's "effective sales and marketing efforts continue to support retirement occupancy," as well, boosting the rebound. Shares are down 0.4% at C$11.42, but up 4.7% year-to-date. ([e-mail])

DJ Sienna Senior Living Retirement, Long-Term Care Segments Driving Recovery -- Market Talk

Wednesday, May 17, 2023, 10:40 AM ET

 

1040 ET - RBC says Sienna Senior Living's retirement and long-term care segments are finding traction again, which should support continued recovery in organic growth and margins. Pammi Bir in a note says, "Retirement growth was driven by higher occupancy and rents, partly offset by higher operating costs, while LTC was partially aided by a C$3M prior period pandemic cost recovery." Bir adds that Sienna's "effective sales and marketing efforts continue to support retirement occupancy," as well, boosting the rebound. Shares are down 0.4% at C$11.42, but up 4.7% year-to-date. ([e-mail])

[PERRY1]

i was buying big time at end of day thanks to the seller

[joebravo]

Albeit I believe this is a great buying opportunity and I have also been accumulating, it does seem that the price is being brought down 67k Shares were sold at the bid the final 15 minutes of the trading day yesterday.  Not sure why, but it seems the market is intent on bringing the price down.  I'm thinking it's to cover the gap at $11.25 because there is nothing fundamentally