Extendicare REIT (NASDAQOTH:EXETF)

CAPS Rating: 5 out of 5

Results 1 - 14 of 14

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Member Avatar JohnBelg (< 20) Submitted: 9/6/2014 11:29:52 AM : Outperform Start Price: $7.82 EXETF Score: -2.97

Jim Royal's analysis of potential unlocking of value via sale or spinoff of USA unit. Seems mispriced and has a large 5.5+ yield.

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Member Avatar srockaz (21.09) Submitted: 8/15/2014 10:12:15 PM : Outperform Start Price: $7.96 EXETF Score: -6.75

Getting paid to wait for the market to figure out how smart Jim Royal is. Hidden value due to divestment and a nice dividend.

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Member Avatar NoDoughBro (70.38) Submitted: 8/13/2014 11:07:25 PM : Outperform Start Price: $7.79 EXETF Score: -5.55

Baby Boomers Assistance.

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Member Avatar smbono (35.32) Submitted: 8/10/2014 10:20:09 AM : Outperform Start Price: $7.34 EXETF Score: -0.22

Baby boomer, baby boomers, baby boomers!

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Member Avatar udyr (< 20) Submitted: 8/6/2014 10:05:12 AM : Outperform Start Price: $6.76 EXETF Score: +7.42

Get paid to wait while they separate the businesses

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Member Avatar dynamocap (64.76) Submitted: 8/1/2014 11:18:27 AM : Outperform Start Price: $6.80 EXETF Score: +7.23

Special sits play. Separating US Business from solid Canadian business. Clip 7% while you wait for the action!

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Member Avatar TMFDeej (99.32) Submitted: 4/16/2014 8:02:35 PM : Outperform Start Price: $5.94 EXETF Score: +19.38

Courtesy of Denali Investors the separation of Extendicare's Canadian and U.S. operations should cause the stockto rise. As an added bonus we get paid a massive bonus to wait for the event to happen.

Jason

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Member Avatar SlothropsMonkey (85.37) Submitted: 2/23/2014 3:55:19 PM : Outperform Start Price: $6.03 EXETF Score: +13.11

Corporate shenanigans can obscure––or reveal, depending––lots of hidden value. In this case, Extendicare is really two businesses stuck together as one. But one of them, the Canadian half, is much healthier than the American half. When split, a corporate move that is supposedly imminent, the Canadian half will look financially much healthier, and the American half will appear hugely undervalued because of its real-estate value. This is a classic spin-off right out of Joel Greenblatt's book You Can Be A Stock Market Genius. When the corporate ducks align and the two are split, the pop in the stock will prolly be over 100%. And there's even a monthly 0.04 cent dividend while we wait. That's free bananas folks!

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Member Avatar kmpusa (< 20) Submitted: 2/8/2014 9:00:47 AM : Outperform Start Price: $6.21 EXETF Score: +10.32

The stock price underestimates the combined value of the Canadian and US unit. Once the US unit is spun off the true value will be realized.

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Member Avatar cavrad (51.12) Submitted: 1/7/2014 9:57:35 AM : Outperform Start Price: $6.43 EXETF Score: +8.39

http://boards.fool.com/my-latest-buy-31016231.aspx?sort=whole#31045606

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Member Avatar gameguru (33.69) Submitted: 1/2/2014 11:41:11 AM : Outperform Start Price: $6.08 EXETF Score: +14.86

Special Situations Portfolio pick:
http://boards.fool.com/my-latest-buy-31016231.aspx?sort=whole#31045606

This is a low-end, sometimes sleazy seeming operator in an absolutely necessary business - assisted living centers. BUT, the assets (owned real estate of the centers) appear to be dramatically under-recognized by the market - allowing maybe a double or triple from current prices. This is one to hold quietly and collect the 7% dividend until they announce results of their "strategic review", likely a sale or spin-off of assets, and then exit. Relying entirely on Jim Royal's research for the valuation.

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Member Avatar Robear1020 (< 20) Submitted: 12/19/2013 3:19:40 PM : Outperform Start Price: $5.88 EXETF Score: +18.23

Possible Special Situations preparing to divest its American health-care unit through a sale or spinoff... A TMFRoyal pick

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Member Avatar TommyRumblestrip (88.58) Submitted: 12/12/2013 4:27:12 PM : Outperform Start Price: $5.82 EXETF Score: +17.68

Poaching from Jim Royal

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Member Avatar shamapant (80.36) Submitted: 7/13/2013 1:06:59 PM : Outperform Start Price: $6.07 EXETF Score: +5.49

Sale or Spinoff Should Create Value

Results 1 - 14 of 14

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