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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
BUY
(Market Call Minute.) Will always be volatile but they know their business.
COMMENT
Was being investigated by the department of health services in the US, for potential violations of the Social Securities act. In the long run, he thinks it will turn out to be overblown so this could be an opportunity.
COMMENT
If holding as a DRIP, is it a reasonable holding to continue with after 2011? If it is a core holding and you are going to keep it for the long term, this can make sense. If you are a trader, it is not worthwhile. A good way for a company to raise capital so he would expect more of them.
WATCH
Looking at this one. The only problem is that so much of it is in the US and you keep hearing what is going to be allowed on expenses, etc. Have a lot of debt.
COMMENT
Not a fan of seniors housing. From a debt/maturity standpoint have access to CMHC financing in Canada. No debt/maturity in the US until 2011 but have about $200 million in 2011-2012, which will be a challenge to replace. On an operational and payout standpoint look sound for now. Wouldn't be surprised to see a bit of a pull back. If you are going to buy, average in over the next several months.
WATCH
Companies that are currently structured as REITs will have to come under tighter guidelines to continue to qualify. Business that is held under the REIT unit structure has to be passive in nature so it is a long that borderline. Watch to see what management does.
DON'T BUY
Seniors housing in the US with skilled nursing facilities and long-term care facilities in Canada. Not a lot of debt maturing in the US over the next couple of years and should be able to refinance the debt in Canada. Not a big fan of senior housing because of operational issues.
DON'T BUY
They claim business is going very well. It’s a good organization and it’s going to survive. He goes into others where he has better feel for where the revenue is going to come from.
COMMENT
Had a rough time recently. Good operator in what is a diversified industry. Watch out for the currency hit as well as funding from Us Medicare.
HOLD
(Market Call Minute.) Better opportunities elsewhere.
HOLD
When you have a stock that is trading with a yield like 24%, the company has no incentive to continue to pay. Will continue pain until the end of the year but it's a pretty good bet the distribution will be cut.
WATCH
Seniors housing REIT. Payout ratio of about 95%-100% on trailing free cash flow. Some issues with Medicare and Medicaid funding, which have largely been taken care of. Watching Q3 to see if there are any losses in occupancy and margins. Distribution is safe for the rest of the year.
DON'T BUY
Given its current yield, it will probably have to cut its distribution again. Has US exposure and with the slowdown in the states, investors are worried about their nursing home properties. Has been a lot of insider buying, which is a good sign. One of the higher risk REITs because of the amount of debt.
DON'T BUY
Has had an awful 2 years. Most of their distribution is “return of capital”. New management team is in place. There are other alternatives giving better cash flow.
BUY
Long-term care facilities in Canada with skilled nurse facilities in the US. Raised capital that was very dilutive to the stock. Poor quarter with low cash flow generation. 14% free cash flow yield and the distribution is covered. Attractive at these levels but would look to unload around $11.
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