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Opinions Bruce Campbell (2)
Extendicare IncEXE.TOCOMMENTAug 19, 2015
Bruce Campbell (2)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
From a demographic perspective, this is really in the right spot providing assisted-living and nursing home facilities across Canada. They liquidated their US holdings and are focusing strictly on Canada. Has a steady dividend and there is going to be a growth profile here. At some point in time they will make an acquisition with the money they got from the US.