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Extendicare Inc T.EXE

Alternate Symbol(s):  T.EXE.DB.C | EXETF

Extendicare Inc. is a provider of care and services for seniors across Canada. The Company operates under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Partner Network brands. The Company operates through four segments: Long-term Care, Home Health Care, Managed Services and Corporate. Its Long-term Care segment includes over 53 long-term care homes, which it owns and operates in Canada. Its Home Health Care segment operates through its subsidiary, ParaMed, which provides complex nursing care, occupational, physical and speech therapy, and assistance with daily activities. Its Managed Services segment includes its management, consulting and group purchasing divisions. Through the Extendicare Assist division, it provides management and consulting services to third parties, and through the SGP Purchasing Partner Network division, it offers purchasing contracts to other senior care providers for food, capital equipment, furnishings, cleaning, nursing supplies, and more.


TSX:EXE - Post by User

Bullboard Posts
Post by Vega1357on Feb 24, 2020 7:03am
85 Views
Post# 30724586

No need to panic

No need to panicStock index futures are signalling that U.S. stock prices will open down about 2.5% as I post this. Most of the stocks in the Dow Industrial Average and the S&P 500 are involved in international trade and their earnings will be negatively impacted by the spread of the coronavirus. EXE is not impacted at all by international trade and is about as insulated from what happens with the coronavirus abroad as a company can get. It is also not sensitive to the business cycle as the demand for nursing home service is a function of demographics and not the business climate. With there being only 9 cases of coronavirus having been reported in Canada, where EXE has all of its nursing homes, there is also no reason to fear a widespread epidemic within the country. So there is no reason to go anywhere near the sell button today. 
Bullboard Posts