Extendicare Inc T.EXE

Buzz on the Bullboards: Volatility persists in the face of economic indicators

[Jonathon Brown]

Canada’s main stock index struggled and the NASDAQ hit a high, demonstrating a continued appetite for tech stocks amidst market volatility. read article.

[houbahop]

Alan Hibben made his debut as a Director of Extendicare in 2016 when "an agreement with Oxford Park Group ("Oxford Park") that is in the best interests of all of Extendicare's

[Hich1205]

My guess Alan Hibben ousted from the Baord is selling all his DSUs and the guy has almost 170 K shares So i expect a prompt recovery tomorrow .... I hope so, for the benefit of investment in the

[Hich1205]

My guess Alan D. Torrie or Michael Guerriere have used the shareholders proxy to oust alan hibben the voting %is just hudge, ie. definitely the shareholders proxy

[alkhor]

He was targeted nut by whom.

[PressRelease]

MARKHAM, Ontario, May 23, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today announced the results of matters voted on at its annual meeting of shareholders held on May 23, 2024 (the “Meeting”). The voting results for each of the matters considered at the...read article.

[nedstar71]

I shook my head while buying more at $7.30 and then $7.26.  Faster rebound than I anticipated but plan on holding these for some time.

[houbahop]

Well scratching your head is not your only option. I just flipped a few hundred shares from $7.25 to $7.85. A year of dividends made in two days! I keep a core position for the long term. They

[Hich1205]

ok, things are going back to normal, i'll stop keep scratching my head

[logicandinertia]

Also:  TD target raised from $7.50 to $8.00 on better LTC funding environment 

[logicandinertia]

From the post CC research note: THE TD COWEN INSIGHT   We view the 6%+ selloff in the stock owing to the Q1 miss as overdone vs what we view as an improved outlook for EXE coming out of Q1.

[Hich1205]

Keep scraching my head, read and re-read the results, can't find what explains the severe drop today. The Gov funding is messing somehow with the overall picture of the results, but when excluding

[nedstar71]

Down 42 cents?  Just have to shake your head.  

[logicandinertia]

"Q1 results were ahead on $6.8mm (net of taxes) of retroactive funding (small miss excluding). More importantly, several new funding initiatives were announced by the Ontario government

[houbahop]

I don't think these results will provide as much kick as for SIA shares. We'll see tomorrow...

[logicandinertia]

The SIA figures for LTC and the conference call commentary are very encouraging.   I have included some pertinent parts of the SIa earnings call transcript below.   The BC and Ontario