Extendicare Inc T.EXE

Trading as if going bankrupt

[flamingogold]

Pull up a 10 year chart, there have only been 4 times when the share price has traded at this level (currently $6.47) or lower.

A blip in 2013
A blip in 2014
A blip in 2018
Covid in 2020

Each time the stock roared back 12 months later a minimum of 30%.

[dogatcat]

I would love to be the CEO of this company.  I would get the governments attention very quickly by shutting down LTC beds if they didn't pony up more dough.  Justin needs to get off his wallet.  

[flamingogold]

My mother passed away at home waiting for a bed. She was deemed emergency care but still #30 on the list which would have taken a year or two to get moved in. I have a friend who's uncle is the US, no dependents and needed to go into a home. He's paying 6k US/mth plus supplies for incontinence. Rates here are still low compared to down south, client fees and government funding both need

[dogatcat]

Sorry to hear about your mother.  But your story is one of many,   The sad fact is that these businesses  -Sienna and Exetendicare - have to play hardball with the provicne and the feds to get any money to run these LTC beds.   There are no other options and we all know, the feds and the provinces really don't want to be running LTC beds.

[dogatcat]

I still feel that here at $6.46 per share,  this stock presents compelling value.   

[dogatcat]

Even more compelling value today.   Not sure why this is down.  This is a safe haven stock.

[thegreattimario]

Everything is getting hammered. doom and gloom on the streets. Definitely adding more of this and will grab some more canadian banking stocks after they go down a bit more. They will recover nicely when the dust settles.

[dogatcat]

Stocks such as this and Sienna are being sold to cover margin calls.   No other reason.   These stocks will bounce back nicely.