CSH.UN // Triangle pattern Resistance breakdown requiredIn case of closing where I indicated with X, the targets are determined according to Fibonacci.
CSH.UN trade ideas
Chartwell Retirement Residences • Canada’s Baby Boomer generation is expected to grow by 111.2% by 2034 which will create a strong demand for senior housing within the Canadian major markets and will likely lead to higher earnings for CSH.
• CSH is Canada’s largest provider of senior housing (controls 38% of the Retirement Care market) giving them the perfect position to take advantage of the demographic shift where there will be a growing population of senior citizens.
• By focusing heavily on operational efficiency, CSH has generated industry leading NOI margins (30%) which allows them to charge higher rates to its customers that are expected to increase 2-3% annually.
• Following the completion of CSH’S latest pipeline that includes 12 projects and the development of 2,129 suites, the company showcases their consistency in pursing acquisitions in its core markets which helps the business grow in the right areas
Chartwell Retirement ResidenceLooks to me like we have some healthy consolidation on the chart for this equity. The fundamentals are strong as well, I've visited a number of their properties and they all seem well maintained and the clients appear to be happy with the customer service rendered.
