Just picked up a few shares of Sunrise Living...was wondering what everyones thoughts were on this one. have had a rough couple years but it looks like they have been cutting costs heavily of recent .. not sure how effective leadership is though, but i thought i would take a shot at $5bucks.
SRZ
- Thread starter lay the wood2
- Start date
I have never played in this space, in Canada there are two players that come to mind Chartwell reit and extendicare.
Chartwell was more high end and extendicare had operations in the US....it was hard to predict earnings, and revenue, espcially for extendicare.
also there were always questions about government rules, charges, different states, have different regulations.
this company was on the verge of death and is trying to come back, should say I like buying a stock that is showing strength ie. 5.65, low .48 (almost was finished.).
the beta on this stock is over 6, and looking at a one week chart it went from 5.40 to 4.60 and now back up to 5.60....in one week...
good luck with the stock, would set a stop a little wider than normal, since it is so volatile, and also make sure it is money you can kiss goodbye.
if the bull stays intact and they can finance their huge debt at cheaper rates, credit markets have improved greatly compared to late 08 1q 09....then this will benefit them.
good luck...
thanks
selkirk
Chartwell was more high end and extendicare had operations in the US....it was hard to predict earnings, and revenue, espcially for extendicare.
also there were always questions about government rules, charges, different states, have different regulations.
this company was on the verge of death and is trying to come back, should say I like buying a stock that is showing strength ie. 5.65, low .48 (almost was finished.).
the beta on this stock is over 6, and looking at a one week chart it went from 5.40 to 4.60 and now back up to 5.60....in one week...
good luck with the stock, would set a stop a little wider than normal, since it is so volatile, and also make sure it is money you can kiss goodbye.
if the bull stays intact and they can finance their huge debt at cheaper rates, credit markets have improved greatly compared to late 08 1q 09....then this will benefit them.
good luck...
thanks
selkirk
