Q: This company: 4x debt to equity, all ratios (financial are aweful) so with all this what value is there in this company (NAV). If it sold to-day, what would be the fair market price?
Q: For the sake of calming fellows here invested in HomeCapital. Items from the conference call going on right now:
1- Only 45 brokers out of 4000 falsified information
2- Only income was falsified, not the credit or property value
3- Nobody inside the company was involved with the 'trickery'
4- An anonymous letter was sent to the board to warn them. Investigation began as soon as the letter.
5- They don't anticipate higher losses from those mortgages
Checking in for an update on MDA risks as discussed in your Nov 2014 report on MDA... Is currency a factor in the current slide in MDA? What is the status of the SSL litigation with ViaSat? You note in your report on MDA that there is a large customer based out of Russia - is there an issue there?
At these levels (closed at $82.82 today), it seems like a good buy... I sold my position last year at $94 and have been looking to re-enter since then.
Thanks - so great to have you in my court! Cheers! Heather
Q: Could you comment on the present situation with HCG, please. How does yesterday's disclosure affect the company? I understand that ties with 45 mortgage brokers were cut over discovery of falsifying borrower income. Should I sell and move on? Thanks.
Q: Any thoughts on Home Capital's earnings release and broker termination announcement? Thought with originations down, numbers might have been a little lower.
Q: Hi,sylogist has been stuck in a narrow trading range for most of the year, do you see any upcoming catalyst that could drive it up this year, thanks, as always?
Q: I have a half position in GH in a well diversified portfolio and was wondering what you think of the company and whether it would be a good idea to go to a full position at today's levels. Thanks!!
Q: How much weight should be put on adjusted earnings per share as opposed to earnings per share? It seems that many companies find ways to make adjustments so that the adjusted earnings are significantly higher than earnings. I can rationalize how netting out amortization might be reasonable especially if the rate of amortization does not reflect the expected life of whatever is being amortized, but is also reasonable to net out acquisition related expenses (which are actual monetary expenses)? If it is, then shouldn't the adjusted earnings be a good news story rather than worrying about the actual earnings? If not why bother with all the adjustments?
Q: Hi, can you please comment on CSU earnings release and impact on stock ? Also, could you also share your thoughts on rapid rise in stock price over past few days, specially on 29th July ( +$18 on a nominal volume of 63k shares).Thanks
Q: Last week 10% of the float traded, the most in years. Can we know who might have bought in or sold out? Any speculation if there's no definitive way of knowing? Thanks, J.