Q: I have owned EXE for about 2yrs as part of the income portion of my portfolio. After being 10% off my cost base, what is your prospect for this company?
Thank you.
Francisco
Q: What are your current thoughts on extendicare? Any news that would lead to its drop? Is this dip a good time to pick up some shares or would you stay away?
Q: I have a question about EXE. Quite weak the past few sessions on no news while SIA doing ok. Any new reason for concern. Is the company quite levered relative to SIA?
Q: I read your previous comments but could you give me your opinion on a switch to TRP or ENB. I’m a income investor and don’t want too much risk. Thanks.
Rod
Q: Hello 5i,
can you suggest any Canadian publicly traded stocks that are involved with offering "In-Home" Health care. I believe "EXE-T" offers this as part of one of their services. How much does this contribute to "EXE-T" overall business? Please deduct as many credits as necessary. Thanks!
I'll be managing my spouse's account in the next month or so. One of the reasons we'll be managing it ourselves it is that our current manager does not take a balanced approach to portfolios, thus she has about a 25% weighting in REITs. Below are the REITs she holds, can you prioritize them in terms of what to hold or sell? Each of the below is between 2 and 4% of our portfolio value and we don't need the income.
Northwest Healthcare
BTB REIT
Extendicare
Dream Office
Northview Apt
Slate Office REIT
One REIT (which is being bought out I understand)
I have been looking at Extendicare as a source of slow growth and a good dividend, but I have a number of questions about the company that you may be able to answer.
1. What happened in May 2013 when the company cut the monthly dividend from 7 cents to 4 cents? In the same year Revenue dropped from $2,037 million in 2012 to $784 million in 2013 and Operating Income was cut in half.
2. Morningstar shows Equity of $135 million and Debt of $533 million. Can you explain these figures as they relate to Market Cap of $823 million?
3. What is the actual current $ debt, and Debt/Cashflow, and is it unacceptably high?
4. What do you think of management and do you forsee any problems ahead for the company other than inflation and minimum wage increases.
5. Do you have any concerns about the company's ability to continue paying the 4 cent a month 5.2% dividend?
6. INK insider shows that there has been good net insider buying in the last year at EXE with the CEO almost doubling his holding to 240,000 shares with rights to an additionsl 197,000+ shares. In contrast I note that Directors at Sienna have sold nearly 200,000 shares of SIA in the last year. Does this hint at trouble at Sienna and better days ahead for Extendicare?
7. Would you consider EXE's dividend any more or less reliable that those of SIA or CSH.UN? I currently have a 1% position in EXE.
8. Would adding new Money to my 1% position in EXE for the dividend, be a complement to my positions in SIA [4%] and in CSH.UN [3%]?
Q: Why is exe has been going down of late? Is it related to bad news, the sector or higher interest rate? I own about 4.5% of my portfolio.Should keep holding it?
Q: Hi 5I just reviewing our positions and two laggards of late are fcr. and exe. Not concerned about holding them but wondering about replacing them for a better dividend or potential growth. Your thought would be appreciated.
Q: Further to th question asked by Mayur. The new Chairman came on board as a director with four others in Jan last year, after Oxford Park Group disclosed a 5% in EXE. A change of leadership was also disclosed in Jan 2016 when the company stated the then current chairman Mr Hutzel would step down after the AGM this year. The downgrade is something I missed but would love to understand the rationale behind it as EXE seems to be finally getting it's house in order. I know 5i prefers CSH and SIA in this industry but do you have any insight into the downgrade.
Kenn
Q: I have both of these in my portfolios and have done well. Should I be concerned about the changes at Extendicare? Big drop in price. ECI is it a take-over? Is tis good or bad? should I sell?
Many thanks, J.A.P. Burlington
Q: Ran a screen for companies with good dividend, high ROE, and reasonable P/E. Seems a lot of REITS appear on such a list. Could you indicate your general thoughts at this time on REITS and related companies. Could you also please rank the following on stability of income, with some growth potential. Thanks much.
FN First National Financial
AAR.UN Pure Industrial REIT
SOT.UN. Slate Office REIT
RUF.UN Pure Multi-Family REIT
INO.UN Inovalis REIT
EXE - Extendicare