(Editors' Note: Extendicare trades on the Toronto Stock Exchange under the symbol EXE.TO, with ~$CAD 900K average daily volume).
Extendicare (OTCPK:EXETF) is a long-term care operator with operations in both the United States and Canada. It pays dividends monthly, currently a rate of $0.04 per month which is good for close to a 7% annual yield. The Company has 35,000 employees and 249 senior care centers with capacity to care for approximately 27,700 residents. I won't dwell on the outlook for long-term senior care, but it's certainly fair to say that I am bullish on this industry and have previously written about Newcastle Investment Corp. (NCT) which is rapidly moving into this space.
The thesis here with...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|