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TSE:EXE

Extendicare Inc (EXE.TO)

33.84
+0.04 (0.12%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
136 watching
0
SELL
Focus in the nursing center, in the US. A lot of litigation in this space, would rather stay in Canada.
COMMENT
Long-term seniors’ care facilities in US and Canada. Complicated business because of government rules/regulations that vary among jurisdictions. They need to keep their beds filled and the rules can be varied so he doesn’t own.
DON'T BUY
Extendicare is the nursing homes in U.S. and Canada. There has been a recent fall in the U.S.side because revenue from the government has decreased, it is a recovery story, volatile. He likes Leisure World better which is an all Ontario nursing home.
HOLD
Nursing homes in US and Canada. Just acquired a company that gave them 16,000 beds. Outperformed last couple of quarters and has restructured its balance sheet so is in a good spot. De-leveraging and getting cheaper funding. Blew away numbers this quarter. Has a little more to go but getting close to being fully priced. Prefers Leisureworld (LW-T).
STRONG BUY
Technically looks great. It is going higher in a difficult market. This is the kind of stock you want to own and to buy more. The right place at the right time.
BUY
Big portion of business in the US. Recent numbers were better than previous. They are doing their job. They are good at it. Likes it despite the complications.
BUY
Big part of its earnings is from the US and the US is always changing the rules. Good yield and has done well. Good yield. Very volatile.
DON'T BUY
An operating business, so he doesn’t like it. Very disappointing Q3. A write down around self-insured liabilities. 3’rd time this year when an unanticipated event drove down price. If you can’t quantify the risk, don’t buy it. 8.6% yield. Distribution is safe.
TOP PICK
Nursing homes in US and Canada. Some small operational risks in the US because Medicaid and Medicare are struggling so increases are smaller and they have to have good cost controls. Just reported a disappointing quarter because of an insurance factor. Take that out and operations are fine. Don’t have a tax problem. 9% yield.
PARTIAL BUY
Lawsuits in the US have been going on for a long time and not much is known. He has decided to ignore this issue to some extent. 75% holdings in the US. Not one you buy a lot of. Care business in the US is always risky.
BUY
Biggest problem for them is their US exposure and with the US health accord now being printed there are still some unknowns. Margins are improving and probably still has room to grow.
WAIT
A lot of healthcare related ones in the US have done quite well recently. Have some debt they are going to have to roll over. Also have 7-8 lawsuits against them in the US. Reporting their numbers this Thursday.
DON'T BUY
Specialized area. Nursing care. 75% operations in the US, very volatile market with Medicare and Medicaid. Formulas change and a very litigious environment. Would favour a Canadian business such as Leisureworld Senior Care (LW-T) instead.
COMMENT
Long-term care and skilled nursing facilities in Canada and US. Doesn't like the model they are built on because he can't quantify the risks. Good management. 9.7% distribution is safe.
BUY
Nursing homes in the US and Canada. A REIT but is taxable. Balance sheet has improved from a year ago. Beat estimates last quarter. Cheap compared to peers.
Showing 136 to 150 of 230 entries