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Extendicare Inc T.EXE

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

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
Comment by milliondollaron May 01, 2013 9:55am
134 Views
Post# 21323815

RE: Oversold

RE: Oversold

management should have halted the stock and announced a financing of $100 million at $8.50.  Than they could have continued to pay the dividend at 7 cents for another 3-4 months, than only reduced it by a penny.  A year later, reduce it by another penny.  they would have had a nice cushion of cash which I think they need and the stock would not have been cut in half in three days.  So many REITS do this....they raise money every 6 months and par tof it goes to subsidize the payout

Bullboard Posts