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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
DON'T BUY
He has been consistently negative on it. US nursing facilities and long term care facilities in Canada. US has cut reimbursements on some procedures buy as much as 11%. They can mitigate with lower refinancing, but nothing is going to replace that 11% of revenue. This has weighed on the stock. You are exposed to volatility with this one. Payout is sustainable.
COMMENT
It is very hard to find out what is going on. Generally a good operation, but it has been up and down. Took a big hit in the US.
DON'T BUY
Doesn’t own as a main position because you are dealing with the US retirement market and the regulations. 10% decrease in funding. Hard to understand balance sheet, properties and the US. Not sure if payout is safe, but it is still a viable entity. Shies away from it because of transparency of business plan.
HOLD
A slightly higher risk RIET due to them being in the US, with Medicare/Medicad cuts. Distribution in Canadian will offset. If you have many REITS in your portfolio then it's good to own, if you you only have one or two then not good.
DON'T BUY
Stock had done very well from 2000 and 90 broke down this year. 12% dividend. This is a falling knife. There is a minor chance that if the market is going to have a year-end rally, the stock could have a bit of a rally back to $9 or so. If you own, that would be a time to Sell.
HOLD
Chart shows an upward trend line that is broken at around $10. Have some US exposure at had some negative regulatory news recently. Even if the markets improve, this may not but he would stay with it for a while.
WAIT
You would like this to be a defensive name in Canada. IF it broke lower with momentum, you are looking at the $6 level. At 11% you have to ask if it is sustainable or has the market miss-priced it, or will the distribution come down.
DON'T BUY
Dividend isn’t too safe right now. Earnings are less than what they are paying out. Good company and they do a good job but they expanded substantially into the US where 70% of their revenue comes from. Expect state and federal governments are going to squeeze and squeeze.
SELL
Now gov’t regulations in US on their facilities. Market believes this will hammer their margins. He thinks this will be the trend and will affect Canada too. Doesn’t now if the dividend is safe. They have to operate in the environment and we will see if it is safe
HOLD
Will have to face reduced sales. Regulatory problem. Would sell if it pops a dollar or two.
HOLD
75% US and each state sets their own rules. The rules changed suddenly. Knocked the stock very, very hard. Now are saying business is very good and they can make the dividend they are paying. But they aren’t sure what politicians are going to do. Isn’t selling but don’t dive back in.
DON'T BUY
US regulatory body dropped retirement home funding by 12%, which hurt the stock. It will be hard for them to go up in value. Prefers Leisure World (LW-T), where provincial regulations are much simpler to understand.
SELL
Have huge legislative and political risks. Center for Medicaid services announced they were going to cut reimbursement rates for some procedures by 11% going forward. 3rd or 4th time this stock has been down 10%-20% in the last 2 years. (See Top Picks.)
DON'T BUY
Have nursing homes in the US as well as Canada, which are being reimbursed by Medicare and Medicaid. Had a sharp decline today because those reimbursements are going to decline sharply. Doesn't like their exposure to government entities. Dividend could be at risk.
DON'T BUY
His big concern with retirement/nursing homes is the extent the government would feel compelled to become involved. Soon as they get involved, costs go up and profits go down. This REIT would not be on his list.
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