Q: I sold not only HomeCapital but EQB, because Cohodes, our nemesis, is now shorting it as well. Now I'm left with First National. As much as I'd like to think I'm a long-term investor, my gut tells me once retail investors read about the news on alternative lenders this weekend, the stock sell-off will accelerate. Some insiders are also selling, even the CEO of HomeCapital who sold a massive amount of shares at 34.50 right after that buyback announcement? Another insider sold over 400k at 27.50 less than two weeks ago? For me, the last nail in the coffin was Sherry Cooper's interview yesterday on BNN (Dominion Lending). Most surprising, the CEO of First National came on Bloomberg basically saying: "It's bad for us and banks will take 20% of our market". Question: Would you sell First National and replace it with Surge Energy, which is back in an uptrend? Thanks.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: What is your opinion on replacing a holding in PWF with FSZ with respect to future growth and income? Joe
Q: Morning, I have held HCG for years, and XTC for about a year, have been waiting for a turn to positive on both. Is either expected to improve or are there better names in these areas? Thanks, Lavern
Q: i hold Gs in my margin acct and have been and have been an owner for a couple of years now, what are your thoughts as to a continuing hold.
Q: Will commercial lenders escape the mortgage pullback and could you recommend some that wont be as affected the governments rules separate from banks ?
Q: What are the new mortgage rules 5i is talking about???
Q: I have losses and 2% positions in each of these companies in a well diversified portfolio. Do you suggest moving on and selling any of these, especially after the gov't mortgage rule changes. What replacements might you suggest. I already own TD, BNS and SLF at 3% each.
Q: WOULD YOU BUY HCG TODAY? THANKS
Q: First National (FN-T) is down over 6% today, presumably due to talk of federal mortgage rule changes. I like the stock but would appreciate your views about the current outlook and whether this might be a buying opportunity or a falling knife situation. Many thanks.
Q: Will the new federal housing initiatives adversely impact Its business, and if so, are you able to quantify rough;y that impact and does the drop constitute a buying opportunity for a long term hold? Thx
Q: Would you recommend buying this name on the dip today amid housing concerns?
Q: Banks will now have more "skin in the game" and possibly will offer lower mortgages. What are the chances that this will mean HCG and other non-bank mortgage insurers will have the benefit of having more demand for their product, with more favourable underwriting conditions?
John
John
Q: Presntly paying a 6% is the divident sustainable. What is the outlook going forward.
Thanks
Vince
Thanks
Vince
Q: Peter,
For derivative exposure re. wells Fargo, it has almost none as a percent of total exposure.
for the others:
JPM aound 7%
City around 9%
Goldman around 13%
Morgan Stanley around 28%
So on that metric only, Wells is a pretty good bet, notwithstanding the abomination of what they just did and their complete ignorance of respect of customers (50 shades of gray) and of respect of employees!!
For derivative exposure re. wells Fargo, it has almost none as a percent of total exposure.
for the others:
JPM aound 7%
City around 9%
Goldman around 13%
Morgan Stanley around 28%
So on that metric only, Wells is a pretty good bet, notwithstanding the abomination of what they just did and their complete ignorance of respect of customers (50 shades of gray) and of respect of employees!!
Q: A follow up question to one earlier today. You say that you would expect a bid of between $18 and $22 for the announced privatization. CBL is only trading at around $16.50 suggesting the market either expects a lower bid (which shareholders would probably not accept) or that there is considerable uncertainty that the privatization bid doesn't happen.
Either way the market does not see this announced potential privatization as credible?? Do you agree and does the company have a history of looking at this without being serious? Thanks
Either way the market does not see this announced potential privatization as credible?? Do you agree and does the company have a history of looking at this without being serious? Thanks
Q: Your current thoughts on US Banks? If so inclined, which is best of breed?
Q: May I have your opinion on Callidus Capital's announcement about it's plan to privatize?
Q: Is this a bad time to buy Canadian banks due to DB:N issuses.
Q: Hi,
I read the IMF has warned about the system risk posed to the financial system, including insurance companies, by Deutsche Bank. I own shares in GWO. Should I sell the shares and allocate the money into a safer company. If yes, which company would you recommend?
Thank you!
I read the IMF has warned about the system risk posed to the financial system, including insurance companies, by Deutsche Bank. I own shares in GWO. Should I sell the shares and allocate the money into a safer company. If yes, which company would you recommend?
Thank you!
Q: OK, I will try this again (please disregard my previous attempts (2) (uncompleted questions). With all the ganging up on Wells Fargo is this a good time to buy? It is wery near a 52 week low as I write this. Also should this not be in your database as WFC.US?