Can you provide some insight on CHS.UN?

0
0

Looking for income stability with some possibility of stock price growth long term. Is the dividend safe? Would you recommend another stock in this space? Thanks.

Marked as spam
Asked on October 25, 2023 8:54 am
14 views
0
Private answer

There is no doubt businesses like this are going to face increased demand. A large chunk of the population is getting older, and that portion of the population has a lot of $$, so in general most of them should be able to afford long term care.
However, I've never really been a fan of these types of companies. Margins are very tight, its a labor intensive business, and there is already a very negative stigma when these companies attempt to improve profitability, as it comes often at the expense of the quality of its residents.
A lot of these types of companies have not provided very strong returns whatsoever, and this was pre-pandemic. Post pandemic, there is probably going to be a lot more eyeballs on the businesses and it's likely to eat into profitability.

I'm not a massive fan, and I wouldn't put my money into the industry.

Marked as spam
Posted by Dan Kent
Answered on October 26, 2023 7:58 am