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Extendicare Inc T.EXE

Alternate Symbol(s):  EXETF

Extendicare Inc is a long-term care facilities company. The business has five segments including Long-term care; Retirement living; Home health care; Other Canadian operations and Corporate segment. The long-term care segment represents the long-term care homes operated by the company. The Retirement Living segment operates retirement communities that provide services to private-pay residents. The Home Health Care segment provides nursing care, physical therapy, and assisting services to accommodate individuals living at home. The Other Canadian Operations segment provides consulting services to other care providers. The company generates a vast majority of its revenue from Canada.


Extendicare Inc > Retirement Sale at such a low cap now looks brilliant

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June 17, 2022 - 04:25 PM
256 Reads
Post# 34765692

Retirement Sale at such a low cap now looks brilliant

 

Hindsight is 20/20, but the timing of that Retirement sale to Sienna was excellent.

Extendicare comes into this period of higher rates with an underlevered balance sheet, and re-acceleration of occupancy into LTC post Covid. 


higher costs are a reality with inflation, but there is govt assistance here too.  Dividend yields have been adjusted up due to the rapid rate rise across all the investment spectrum, but 7.1 percent isn't unattractive if you believe central bankers will raise aggressively then back off in 2023.  

Imo, EXE nice place to park capital over next 12 months.  


good luck.