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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
Convertible debenture-5 years-7.25%. Probably a good yield for a conservative investor.
DON'T BUY
Sector should be wonderful but hardly anybody makes any money. Have a lot of business in the US so he is not touching it here. Some question on what the welfare fees will be. Margins are very small.
BUY
A seniors housing REIT. Considered it as a top pick based solely on its evaluation. The payout ratio is very safe. Very large discount to its net asset value. Offers a very attractive entry point at these levels.
BUY
Nursing home area. Good safe, long-term hold. Fairly high yield. Good managers. Expect they will continue to pay their income.
BUY
Owns a small piece as a trading position as it is at a large discount to end its NAV. When it comes back, he will sell it out.
COMMENT
There may be a bit of a currency concern with respect to their operations, which has had a negative effect on the stock. Overall they have a fairly good business model. Also the question of whether they where a real estate play or just a business in disguise might have affected the stock.
PAST TOP PICK
(Top Past Pick Dec 22/06. Down 16.4%.) Sold off earlier this year at a profit. Still a good name and represents tremendous value at these levels. 8.9% and distribution is safe.
BUY
Have been doing a very good job. Their long-term care facilities are providing a good base going forward and will help sustain distributions as well as acquiring other businesses.
PAST TOP PICK
(A Top Pick Nov 21/06. Down 4.8%.) Still likes. Still very under levered. Good consolidation space.
DON'T BUY
Could be fairly attractive at this price. In a good market with steady income. There is no clarity on what the taxable effect is on whether they are a real estate company or an operating business. Until this is cleared up, it is hard to come up with a model of a price that you are willing to pay.
WAIT
Primarily retirement/nursing homes. Got out when the market started looking very vulnerable. Probably pretty good value at these levels. 7.1% yield. Would wait until their next earnings report comes out on Aug 2nd.
COMMENT
Largely government financed as they are in the high nursing, high care. Won't qualify as a REIT.
PAST TOP PICK
(A Top Pick Nov 21/06. Up 5.8%.) Very attractive value at these levels.
BUY
The retirement home business has been dreadful. Have built out 20,000 extra beds in Ontario. Operational earnings look much better. Could be a takeout.
TOP PICK
Involved in long-term care in nursing homes, 70% US and 30% Canada. Reasonably priced. Good growth prospects.
Showing 166 to 180 of 230 entries