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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

Comment by SargeXon May 28, 2020 2:08pm
160 Views
Post# 31083767

RE:RE:I'm all out...

RE:RE:I'm all out...Very good points especially "What a mess".

I'm not here to rub salt in the wounds but just to re-iterate an opinion that I have had since Mar, 2011.when I sold all our EXE at $12,57. At that time, I read a couple articles about the seniors abuse that was going on in some of EXE's homes. I decided that it was against my principles to invest in any company that owned seniors homes as I wouldn't be able to tell if there was abuse or not and didn't want to take the chance.

A couple years ago, I posted a similar comment but took a lot of flack for it so went away.

Anyway, I haven't bought a share of EXE, SIA, or CSH since and never will.

My wife and I are big REIT investors and there are better REITs to invest in.

Ciao
  Sarge

kijiji wrote: The optics of investing in a business that has been exposed as an abuser of seniors for profit are very bad.   
  Some operators in this industry will be dragged into court for years as family and politicians seek vengence for poor response to the pandemic.  Politicians can score points playing the protector.  Workers on the front lines will line up to get back at penny pinching management.  What a mess.


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