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Opinions Andy Nasr
Extendicare IncEXE.TOCOMMENTSep 08, 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
Recently sold some US assets, so they are sitting on a lot of cash. They are going to redeploy that cash hopefully to make an acquisition, which will bump up their net operating income. There should be dividend growth after that is done. The stock is probably going to get stuck here until management effectively lays out a plan. He prefers Chartwell (CSH.UN-T) and Amica Mature Lifestyles (ACC-T). He is not worried about the dividend or the balance sheet, just the lack of certainty on their vision.