TSE:EXE

Extendicare Inc (EXE.TO)

32.85
-0.29 (0.88%)
as of Jun 8, 2026, 8:00:00 pm Market Open.
172 watching
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Investor Insights
star iconJun 7, 2026, 12:00 am

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

Extendicare Inc (EXE-T) is attracting attention for its positioning within the growing healthcare sector, particularly as it prepares to cater to an aging population in Ontario. Experts appreciate its strong chart performance and effective margin management, suggesting the company is ready to benefit from increased government funding for home healthcare providers. However, caution is advised due to the market's current exuberance and the presence of well-capitalized private equity competitors. Some analysts express concerns about the stock's current valuation, believing that much of the potential growth may already be reflected in its price. Overall, while the demographic tailwinds are favorable, there is a discernible hesitation regarding its growth prospects relative to peer companies.

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Consensus
Cautious
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Valuation
Fair Value
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CSH.UN
DON'T BUY
Long-term care facilities in Canada and skilled nursing facilities in the US. Has never been a big holder of this one. You are exposed to risks that you cannot quantify or anticipate.
COMMENT
Had warned they might do something about the government payout ratios and then cut it by 15% or so. Very hard to be comfortable with the US pricing. His guess is that they will sustain the yield.
DON'T BUY
Trades at about 12X AFFO (After Funds from Operations), which is reasonable. The problem is that the payout is about 95%. Of both US and Canadian assets and it is very hard to understand the US regulatory rules. He prefers Leisureworld (LW-T) in this sector, which is all in Ontario and has long-term care facilities with some retirement homes.
COMMENT
Doesn't follow this activity because they have a huge exposure to the US nursing home sector, which has been a minefield of problems over a 15 year period. They are at the vagaries of government policy, which changes rapidly. He is also less favourably inclined to the US. A much better bet would be Leisureworld (LW-T).
DON'T BUY
Nursing homes in Canada and US. This is a very difficult business to operate in. Costs are constantly rising and moving the revenue stream higher is extremely difficult. Management has done a great job in turning this business around. Have cut costs and sold some assets. 10.5% yield is probably sustainable over the next couple of years. Doesn't expect the industry will be seeing any growth pattern over the next couple of years.
BUY
Forming a basic pattern which looks to be a pretty good thing. Healthcare is a good sector to be in. If you buy, put a Stop in below the $7 range.
PAST TOP PICK
(A Top Pick Nov 12/10. Down 28.03%.) Got hit when the US changed their Medicaid policy. Well managed. Now yielding 11%. Good entry point.
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.
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