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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: There are apparently class-action suits being launched against Revera and Sienna relating to covid deaths in their homes. Before long this may well involve Extendicare and Chartwell at a guess. How meaningful to a company's future would you expect these suits could be? Are there any legal precedents (re: alleged lack of proper patient/resident care) involving senior homes in Canada? I have held both Chartwell and Sienna for years, and done well with them up until all this. I have reduced both by about half, but do you think it is just better to exit this sector for now?
Thank-you
Read Answer Asked by grant on May 19, 2020
Q: Hi 5i Team
I hold these 3 REITS and would like to consolidate to one. Which would you advise to hold for long term considering recovery and dividend security?
Thanks
Read Answer Asked by Gary on May 19, 2020
Q: The senior residence industry is being highly scrutinized by the public, the nurses union, the government as being understaffed, poorly paid, and inadequately trained at some long care facilities. With that in mind, costs have to increase and corporations who run them will be under pressure. I see Trudeau may impliment minimum wages for the workers at these facilities, maybe $5 per hour increase. The stock prices have already suffered and the dividends they pay may be under pressure. Would you continue to hold or sell and wait until this issue is dealt with.
Read Answer Asked by Ric on May 08, 2020
Q: The assisted living industry has been hit hard by the pandemic. Do you think this sector is going to face more issues and for investors, is it best to steer clear even though the baby boomer senior population in Canada is growing?
Between CSH.un and SIA, is one better than the other for 3 yrs hold and why? Or is it best to sell both names? Many thanks.
Read Answer Asked by Willie on April 30, 2020
Q: Hello,

I note that each of these has sold off with the market and are now yielding between 7.14% and 9.4%. Unless people are moving out of these homes in fear, I think whatever vacancies are caused by Covid-19 will be filled by the aging population. Being on sale to the extent that they are seems overdone given that they continue to function and receive their revenues. Do you agree and would you be a buyer of 1 or all of these at these levels for growth and income? Please indicate a favourite if you have one and the reason why.
Read Answer Asked by Tim on April 07, 2020
Q: The above TFSA holdings have not performed well and of course, are not eligible as tax loss harvesting. This is one of the potential downsides of TFSA investments. Please give me your thoughts on which ones you would move on from and without worrying about sectors, some replacements you think will recover well. Thanks again for your guidance.
Read Answer Asked by bill on March 26, 2020
Q: SIA continues to get beaten up. What is the real concern on this company? Isn't there a waitlist for senior care? Long term living? Are people worried that all the seniors are going to die off? I just don't really see the risks to this. Doesn't it have a decent amount of government support as well? The risk / return seems compelling here.

Am I missing something?
Read Answer Asked by Jordan on March 24, 2020
Q: In a response to Manish on Feb 20 you said occupancy was 98.2%. In reviewing SIA's report, this figure refers to LTC occupancy. It appears that total property occupancy was 87.9% in 2019, down from 91.7% in 2018. Could you clarify which figure is the appropriate one to use. Also, how does total occupancy and any yearly change compare to the other major players in senior residences.
Thank-you, Grant
Read Answer Asked by grant on February 24, 2020
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
Read Answer Asked by STEVEN on December 06, 2019
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