Sienna Senior Living Inc T.SIA

Share issue

[BlueJay2020]

Well, that partly explains the dip today. There will be another dip tomorrow morning but I am very very happy about this development. Management going on the offensive which is exactly what I was hoping for.  We will soon rebound to $16 and beyond.

[canadian]

Lol. The management thinks their share is worth only 15$

[BlueJay2020]

Just the cost of doing business. Better to issue at $15 rather than the $11 it was not all that long ago. My advice? Buy as much as you can around $15.00 tomorrow.

[canadian]

Lol. There are other better stocks. They just want to expand at the expense of shareholders so that the management can get big fat paychecks. They could have issued new debt or new mortgages rather than diluting existing shareholders. Greedy management 

[BlueJay2020]

Right, OK!  Now you have imparted all your wisdom, I assume you won't be back on the board.  Either way, yiu're going on ignore.

[canadian]

Lol. You did not respond to what I said. I bought this at 11.XX and sold it at 14.XX.  This horrible management will keep on issuing new shares to increase their fat paychecks. 

[AmorFatiforlife]

This management team pulled the company through covid, didn't lower dividends, managed to expand/start/finish projects, has steadily increased shareholder value, bought back shares, reduced debt, increased revenues/profitability, created an employee stock option plan, and has stabilized occupancy to pre pandemic levels.  This is what is deemed horrible these days?  I personally think

[canadian]

Lol. There are many companies that did better than this but did not dilute shareholders. Good luck. They will keep on diluting if share prices go up and increase their fat paycheck. Why didn't they finance using mortgages or new debt? No answer 

[AmorFatiforlife]

Their float is only like 72M shares. $15 is a premium for $125M with no warrants attached to it. Solid way to raise money with fairly minimal dilution. Why take on debt at high interest rates at this stage in the game?  If they did the PP at like $12, I could maybe understand your argument, but otherwise I personally see the raise as the cost of potential expansion. 

[canadian]

Lol. You keep supporting useless management. May be you are one of them. With 5 year canada bond yield below 3% today, they can finance between 4.5% to 5%. Also interest rates are expected to even fall further in the next year or two.

[JosephM1]

your ignorance shines vastly !

[canadian]

No answer for my question? Dumb buyers

[Ciao]

I don't see much in terms of insider ownership at all. Am I mistaken?

[canadian]

Lol. Why would insiders buy? Their intention is to issue new shares and increase their paychecks.