Summer Sale
50% off Premium Yearly
Opinions Jeff Young
Extendicare IncEXE.TODON'T BUYNov 29, 2012
Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
You might be interested:
How COVID will effect this industry, retirement homes? He owns Sienna instead. EXE is much more involved in government-funded LTCs. Along with Chartwell, these two companies are under government scrutiny, so they likely do a much better job than private LTCs. Good question how COVID will affect these homes: there may be increased costs to manage the LTCs, and he expects the government to do more oversight, particularly the incompetent LTCs. He prefers Sienna to EXE, because Sienna is a mix of LTCs and retirement homes, while Chartwell is mostly retirement homes, which has more upside but more competitive. Don't buy purely LTCs, like EXE.
Extendicare has a better chart than Chartwell. It has a head-and-shoulder chart movement. If you take into account the general market sell-off, investors need to be forgiving.
Benj Gallander
Benj GallanderBenj GallanderBenj Gallander
Seniors housing in Canada and skilled nursing facilities in the US and have run into trouble, primarily in the US, in having their funding cut. Had a lot of litigation problems, mostly in Kentucky, which they exited. Also, had a period where the number of people going through their facilities were going down. This has been rebuilding over the last few quarters until the last one when their provisions for litigation went up again and their census went down again. There is a lot of pressure on the stock and will continue to be. Doesn’t feel there is any immediate pressure on cutting the dividend.