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Opinions Michael Decter
Extendicare IncEXE.TOCOMMENTJul 16, 2015
Stock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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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
Exited his position when they sold their US holdings. His concern is that Canada is in a slow growth period, which is putting enormous pressure on governments across the country. The federal government is going to cut the healthcare transfer from 6% a year to a figure that is based on GDP growth with a 3% floor. This means that companies like this that get money through the public purse may be squeezed a little by government cost cutting. Not sure this is a good time to Buy.