Extendicare Inc T.EXE

The future of LTC

[flamingogold]

Anyone who believes governments will be able to shutter the for-profit long term care home sector is dreaming. Post-covid governments are up to their eyeballs in debt.

Despite all the criticism, the current long term care system, while far from perfect, works. The next 10-15 years will see a huge jump in demand for LTC and our Federal/Provincial governments do not have the resources to take it upon themselves alone.

EXE stock is now entering oversold territory. Any buys below $7 will eventually be green and you get paid to wait on top. Win-win.

[dogatcat]

Below $7 is a screaming buy here.  I bought some today.  I will keep some dry powder if it goes lower.

[Stratocheif]

This company has about 100 million in debt coming dye in the next 3 years. This debt is currently in the 3 to 4% range. They will have to refinance at 6 or 7% because of rising rates. I suspect this will cut thier profit a lot. Any thoughts?

[sicnarf2]

Much can change in three years !

[givemeabreak1]

Strato that assumes that this is a free market type of situation.  Think Banks the industry is dominated by a few players and it is a heavily regulated industry whith much of the funding provided by the gov't.  Increased costs are passed along like any other business etc with less competition it is easier.  Think rental buildings rent increase are allowed based on increased

[dogatcat]

No government wants to run LTC beds.   Exetendicare will be backstopped by the province or the feds.   They are too important to fail.   in 3 years the LTC bed situation will be way worse than it is now.  Governments will offer loan assitance if needed.  You can't let these people die in the streets. 

[flamingogold]

Who has ever said our government run hospitals are the best in the world? And, look at Toronto's wonderful Eglinton Crosstown... that's right... not running yet. Overbudget and still years behind schedule. Don't expect government with no profit incentive to ever do a better job than corporations. Let the talking heads yak all they want. What we have now may not be perfect. Can it

[Stratocheif]

Thats just wishful thinking. I've seen a LOT of nursing home companies go bankrupt. Yes the government will step in so as to not see the seniors kicked out. But only to oversee an orderly bankrupty and the establishment of a new owner____________________________________________________         https://www.google.com/amp/s/beta.ctvnews.ca/local/montreal/2022/11/20

[flamingogold]

I see insider buying and since August they are agressively buying back shares. So far over 4.2 million shares cancelled. No selling whatsoever. https://ceo.ca/api/sedi/?symbol=EXE&amount=&transaction=&insider=