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Opinions Benj Gallander
Extendicare IncEXE.TOTOP PICKSep 18, 2015
Benj GallanderStock 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
Didn’t quite fit his portfolio standards, because it didn’t quite have 100% upside. Sold their US operations for $1.1 billion. They are looking to expand in Canada. Thinks management has a pretty good idea of what they are doing. Debt load is still a bit higher than what he likes. He can see this going up to about $14, and perhaps surpassing that. A great play on demographics because the population is getting older. Dividend yield of 6.02%.