Benjamin Hutzel - Extendicare Independent Chairman of the Board

EXETFDelisted Stock  USD 5.00  0.00  0.00%   

Chairman

Mr. Benjamin J. Hutzel is Director of Extendicare Inc. Mr. Hutzel is a retired partner of Bennett Jones LLP where he had an extensive national and international legal practice specializing in financings, acquisitions and divestitures and joint venture structuring . Mr. Hutzel serves on the board of the Woodbine Entertainment Group, where he is also Chair of the Pension, Human Resources and Compensation Committee and a member of the Audit Committee, and was the former Chair of the Audit Committee. Formerly, Mr. Hutzel served on the board of MI Developments Inc., where he was Chair of the Corporationrationrate Governance and Compensation Committee. In addition, as a nominee of the Federal Liberal Government, Mr. Hutzel is a former director of the Greater Toronto Airports Authority, where he served as Chairman of the Compensation and Corporationrationrate Governance Committee and as a member of the Audit Committee, during which time the board oversaw a redevelopment of Toronto Pearson International Airport in excess of 4 billion since 2017.
Age 74
Tenure 7 years
Phone905 470 4000
Webhttps://www.extendicare.com
Hutzel was the founding Chairman of the Canadian Lawyers Liability Assurance Society, formed as a reciprocal insurance company to provide professional liability insurance to a number of major Canadian law firms, comprising over 5, 000 lawyers. In addition, from 1993 to 1998, Mr. Hutzel was National Revenue Chair and Chief Fundraiser for the Federal Liberal Party, and served as the party Chief Financial Officer from 1998 to 2005.

Extendicare Management Efficiency

The company has return on total asset (ROA) of 0.1102 % which means that it generated a profit of $0.1102 on every $100 spent on assets. This is way below average. Extendicare's management efficiency ratios could be used to measure how well Extendicare manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 463.27 M in total debt with debt to equity ratio (D/E) of 2.85, implying the company greatly relies on financing operations through barrowing. Extendicare has a current ratio of 1.07, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist Extendicare until it has trouble settling it off, either with new capital or with free cash flow. So, Extendicare's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Extendicare sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Extendicare to invest in growth at high rates of return. When we think about Extendicare's use of debt, we should always consider it together with cash and equity.

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Extendicare Inc., through its subsidiaries, provides care and services for seniors in Canada. Extendicare Inc. was founded in 1968 and is based in Markham, Canada. Extendicare operates under Medical Care Facilities classification in the United States and is traded on OTC Exchange. Extendicare [EXETF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC). Extendicare is listed under Trading category by Fama And French industry classification.

Management Performance

Extendicare Leadership Team

Elected by the shareholders, the Extendicare's board of directors comprises two types of representatives: Extendicare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Extendicare. The board's role is to monitor Extendicare's management team and ensure that shareholders' interests are well served. Extendicare's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Extendicare's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ali Mir, ParaMed VP
Paul Tuttle, President of Extendicare (Canada) Inc
Samir Manji, Independent Director
Timothy Lukenda, CEO and President Non-Independent Director, Chairman of Extendicare (Canada) Inc, Chairman of Extendicare Health Services Inc, CEO of Extendicare (Canada) Inc and CEO of Extendicare Health Services Inc
Frederic Waks, Vice Chairman of the Board
Gary Loder, Vice President - Extendicare Assist and SGP Purchasing Partner Network (SGP) of ECI
MBA MD, Pres CEO
Jillian Fountain, Corporate Secretary
John Angus, Independent Director
Bruce Wienberg, VP Care
Elaine Everson, CFO and VP
Margery Cunningham, Independent Director
Sandra Hanington, Director
Lisa Pearson, VP Affairs
Alan Hibben, Director
David Bacon, CFO, Senior Vice President
Matthew Morgan, Chief Officer
Leslie Sarauer, VP Officer
Donna Kingelin, Director
Deborah Bakti, VP of HR and Silver Group Purchasing
Gail Paech, Director
Michael Harris, Vice President LTC Operations of ECI
Howard Dean, Independent Director
Benjamin Hutzel, Independent Chairman of the Board
Alan Torrie, Director
Michael Guerriere, Director
BRANDON PARENT, Vice President General Counsel
Norma Beauchamp, Independent Director
John Toffoletto, Chief VP
Steve Paraskevopoulos, VP CTO
Aladin Mawani, Director

Extendicare Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Extendicare a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Extendicare

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extendicare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extendicare will appreciate offsetting losses from the drop in the long position's value.

Moving against Extendicare Pink Sheet

  0.59NLY-PG Annaly Capital ManagementPairCorr
  0.59IVR-PB Invesco Mortgage CapitalPairCorr
  0.48MITT-PB AG Mortgage InvestmentPairCorr
  0.48IVR-PC Invesco Mortgage CapitalPairCorr
  0.47NLY-PF Annaly Capital ManagementPairCorr
The ability to find closely correlated positions to Extendicare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extendicare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extendicare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extendicare to buy it.
The correlation of Extendicare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extendicare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extendicare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extendicare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Other Consideration for investing in Extendicare Pink Sheet

If you are still planning to invest in Extendicare check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Extendicare's history and understand the potential risks before investing.
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