Investment Q&A

Q: I have held a position in CSH.UN for a long time. I recognize that the share price growth will be slow, but its distribution growth is frustratingly slow.
I'm not looking to hit a homerun. I'm looking for stability and really my main focus is distribution growth as I plan to hold long term.
I am looking to add to my REIT holdings. Are there other REITs you would suggest or should I add to CSH?
Kind thanks for your time and expertise.

Q: I have held Chartwell for several years. I bought it because I thought as a leader in an industry with incredibly favourable demographics, there would be natural built-in growth drivers. I have concluded that the fact that they have not been able to capitalize on this inherent growth bias can only be attributable to the quality of it's management team. If this is not the case, what is the explanation for their under-performance relative to the rest of the market over the past several years? Also, can you see any possible share price catalysts in the near future that may influence my decision to bail or not....thanks...Glenn

Q: I'm continuing to rebalance my portfolios. The above stocks are in my income portfolio and are less than full positions. Would you sell any of them? I have enough cash on hand to top up two of them. Which would you top up. (I hold 22 diverse stocks in this account)

Q: I have 2 REITS in my RRIF, CAR.UN and CSH.UN. Both have been held for many years. CSH.UN considerably underperforms and I have decided to sell. What could I look at as a replacement in real estate space or just add to AW.UN. Thoughts please. Regards, Ted

Q: hi there, currently own Dollarama and CSH.UN in my TFSA and was thinking of switching out and purchasing XEG for some energy exposure and HMMJ as both ETF's seem to be exhibiting some upside after a down year. What are your thoughts on this switch (based on your examination of where DOL and CSH.UN seem to be going from here)? Note, this only effects approximately 1.5% of my total portfolio so neither will represent a significant weighting. Thank you.

Q: Just wondering what your favorite canadian company would be in the senior/retirement assisted living space ?

Ken

Q: I have two small positions in CSH.UN (1.3%) and SIS (1.0%), and I wanted to consolidate the invested capital into one holding. I consider them both to be investments within the healthcare space, which is part of the reason for consolidating these two holdings. I am strongly leaning towards selling CSH.UN and buying more SIS. Does this sound reasonable, or is there another option worth considering?

Q: Hello, if you had to buy either CSH.UN or NWH.UN today, which one of these two companies would you buy? Could you also compare their debt? I know one should not look at past performances, but over the last three years NWH.UN has done much better than CSH.UN. Would you say that NWH.UN is also indirectly related to health care? Thanks, Gervais

Q: Any reason for the sharp drop in Chartwell this month?

Q: I have a position in cash.un with a modest gain. Would you switch to Sia for a better yield and more growth? Why or why not? Thanx.

Q: Hello 5i,
I have owned CSH.UN for about 18 months, am getting frustrated by the lack of growth.
Am after a REIT for income in RRIF. Am considering SIA & GRT.UN as possible replacements. Will be a long time hold, am after a decent yield with some growth possibilities. What are your thoughts including any other alternatives in the space.
Thanks as always for your advice !
Steve

Q: I bought CSH.UN a couple of years ago and have been extremely disappointed. As it has been flat, many other REITs have done well, and it even lags badly behind Sienna, its competitor, since my purchase. Are you aware of any particular reason for its (relatively) poor showing? Would you suggest that a long-term investor hang in, or move on? Thanks!

Q: Sector for CSH.UN is shown as Healthcare in Income portfolio but as Real Estate in Portfolio Analytics. Please clarify if it is 50/50% split between Helthcare / Real Estate.

Thank you

Q: Comments on Chartwell's latest quarter please. It appears to be a 2020 story, which probably means late 2020 and into 2021 before the occupancy numbers start to improve. For those of us who hold CSH, what do you advise...buy more, hold as is or move on to something else? What are your plans for CSH within the income portfolio...you already have a 4.5% allocation...will you be topping it up or are you at your maximum allocation.

Thanks...Steve

Q: Can you recommend a safer play in the Health Care space than tCOV and GUD? I'm invested in two health care ETFs (CSH and NWH) but I'm holding these for the dividends rather than growth.
Are there ETFs you think look promising that focus on the Health Care space? I have about one full position to add to the Health Care industry.
Thanks!

Q: I am considering adding BPY.UN to REITs already owned in my RRSP..This would raise my allocation from 11% to 14%. Do you like this move? Thanks for your great service.

Q: I remember a fair amount of noise years ago about the baby boomers soon moving into retirement homes and recommending that people invest in these companies. To me it was nonsense because, at that point, the leading edge of that demographic was only approaching 70. Now the leading edge, born in 1946, is around 73 years old and will be moving into retirement homes with increasing frequency as they give up their own homes.
Which of these businesses would you recommend? Secondly, is it a government regulated industry that may never be allowed to charge what the market will bear? Finally there be a noticeable impact on the residential real estate market?

Q: Retired, conservative dividend investor. I hold the above securities as well as annuities, Fisgard Capital, CPP, OAS (very soon) and a company pension.

When I screen CSH by the usual metrics (P/E, P/BV, P/CF, P/S, ROE) and look at the technicals, it does not give me a lot of confidence to continue to hold. It seems stuck in the $14 to 15 (16) range. I understand the intention is for CSH to provide stability to the portfolio, especially if/when the market decides to head south.

#1 = Please build me a case to continue to hold or add to CSH.

#2 = If the retirement industry outlook looks good, but a different company (like Sienna) looks better, should a switch be the better option.

Thanks for your help...much appreciated...Steve

Q: hi,
I hold these 4 REIT's in my RRIF. Do you have any suggestions for replacing DRG?
Thanks, Bryn

Q: I hold the above stocks in my portfolio. Thinking of adding QSR. Your thoughts. Or should I keep my cash for better opportunities during tax loss period ? BEW and PNG are my play money. Playing PNG with house money.