Topic: How To Invest

Q: I am a new member and wondered what you think of a stock I have been looking at—Sienna Senior Living. I am finding your articles very informative as I try to upgrade my portfolios to your better stocks. Thank you.

Article Excerpt

A: Sienna Senior Living Inc., $18.67, symbol SIA on Toronto (Shares outstanding: 66.1 million; Market cap: $1.3 billion; www.siennaliving.ca), is one of Canada’s largest operators of seniors’ housing and Ontario’s biggest licensed long-term-care provider. In 2015, the company changed its name from Leisureworld Senior Care Corp. Investors tap into the growing seniors living market through Sienna’s 43 long-term care homes and 27 retirement residences. They have a combined 10,091 beds/suites across Ontario and B.C. The company also provides management services to 17 seniors’ living residences in B.C. and Ontario. In the three months ended June 30, 2019, overall revenue rose 2.4%, to $166.0 million from $162.1 million a year earlier. That was due to higher government funding plus rent increases for residents. Cash flow per share fell 2.4%, to $0.356 from $0.38. However, the decline was mostly due to accounting adjustments—without that, per share cash flow fell only slightly, to $0.36 from $0.366. The stock now trades at 12.2 times its 2020 forecast cash…

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