TSE:EXE

Extendicare Inc (EXE.TO)

38.22
-0.05 (0.13%)
as of Jul 21, 2026, 5:12:38 pm Market Open.
171 watching
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Investor Insights
star iconJul 21, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Extendicare Inc. (EXE-T) is recognized for its strong position in the home and long-term care healthcare market, especially amidst favorable demographic trends and increasing government funding in Ontario. Several experts note that it has an impressive growth trajectory and efficient margin management, suggesting potential price appreciation towards the mid-high $30s. However, there are cautionary notes regarding the overall market dynamics, particularly with competition from well-financed private equity that may influence supply. While some deem the stock's price has already incorporated much of the growth potential, others appreciate its unique corporate structure compared to traditional REITs. Despite these insights, there's uncertainty on how to assign a fair value to the stock considering its long-term prospects.

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Consensus
Cautious
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Valuation
Fair Value
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CSH.UN
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.
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.
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