Review of Chartwell Retirement Residences

Q: Hi 5i is CSH a buy/sell/hold, I hold small position and was thinking of moving on. Would you recommend waiting for earnings in a few days?

Q: This question concerns Healthcare in a well-diversified Canadian portfolio (~30 holdings), focused slightly toward growth. Our target is for a 5% weight in this sector.

Currently, we only hold CSH.UN at a loss. We are open to selling it outright and replacing it with 1 or more of your favourites or topping it up and adding at least 1 growth-oriented suggestion. I understand from a previous question that CSH.UN has performed in a close range with REITs, which have adequate representation in our portfolio.

What would be your top picks in Healthcare for long term holds (5+ years)? How would you rate them (1-10, 10 being best) for new money today?

How would you proceed? Would you suggest going with 1 or 2 names? Would you suggest topping up CSH.UN and adding a 2nd name, selling CSH.UN and adding 1 or 2 new names, etc?

Thanks.

Q: Hello,

In light of the recent takeovers of WPT Industrial by Blackstone and Summit Industrial by Dream Industrial /GIC, what are your thoughts on the possibility of Chartwell being acquired? A BNN guest mentioned that Blackstone recently opened a Canadian office and has apparently hired an analyst with experience in retirement residence REITS. Please rate the probability of a takeover on 1-10 basis whereby 10 is very likely. Also, how safe is the dividend? Thanks for the great service.

Regards,
Anthony