Q: Equitable Group bounced back from last summer when the Home Capital debacle hit to reach its previous high of $72 on January 2nd. Since then, it has declined to just above $66 today - a decline of almost 9%. I see no reason why. Can you provide any insight?
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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: Eqb had a great quarter ,do you think this may reduce the short sellers Thank you Bob
Q: Thoughts on Equitable Grp? The company has double digit revenue and ebitda growth over the last 5 and 10 years, yet trades at a relatively low PE and ebitda multiple. I know it has been painted negatively with the debacle at Home Capital but the macro outlook for alternative mortgages in Canada seems very positive to me? With the big banks forced to clamp down on mortgages with new rules coming into effect Jan 1 and Canada continuing to be a great place for immigration, particularly with what is going on in the US, won't demand for housing continue to biased to the upside? Consider this for a medium term view - say 3 years. Sometimes I get caught up in my own biases for a particular outlook so I would be interested in your views. Thanks.
Q: Do you believe Equitable Group is an atractive buy now with its P/E a low 5.6? I am of the opinion that there is to much debt in Canada right now and we could be in a position where many people will default on their mortgages in the next 2 years as real estate prices go down and wages remain stagnant. What do you think about the mortgage environment in Canada and do you think Equitable Group is a safe investment with big upside potential?
Q: Any thoughts on the recent results from Equitable Group? Despite what initially appear to be strong earnings reported Thursday p.m., the stock was down significantly in Friday trading. Thank-you.
Q: This company price is heading lower yet their earnings are almost $10.00 for the year .they do not seem to have the same problems as Home capital.What is your opinion on this stock.
Q: Would you recommend investing in this preferred at this time (given the drop in its price recently), and would you consider the preferred as a safer investment vs investing in the common shares. The reset is Canada 5 year bond yield + 4.78% (September 30, 2019). I am not sure, but are there any more Canada bonds to be issued going forward? If not how will the rate be set in the absence of further Canada bonds being issued..
Q: EQB is dropping in sympathy with HCG, what is your opinion on it?
Q: Hello,
How do you feel about EQB.PR.C? It had been pretty stable around $25. Do you feel like it will drift back to that price over the next 1-2 years?
Regards
How do you feel about EQB.PR.C? It had been pretty stable around $25. Do you feel like it will drift back to that price over the next 1-2 years?
Regards
Q: Isn't it a a bit too coincidental that we learn that both Royal Bank and BMO are selling uninsured mortgage backed securities, a few days before the Home Capital death spiral? You have an optimistic bias, and typically trusting towards management, so I speculate that you will answer that there is nothing much to think of it, but could you take a distrusting view on this (without being paranoid) and guess what could have motivated them to do that?
Q: EQB.PR.C - do you think the $4 drop today is justified.
If not I am thinking of adding a little to my position before a possible rebound.
If not I am thinking of adding a little to my position before a possible rebound.
Q: According to Webbroker, it has an operating margin of 61%, ROE 16%, payout ratio of 9.8% and no debt. It looks like a quality company that's down about 28% on panic. If it's as good as it's stats appear to be it's on sale. What do you think of it's quality and prospects? Thanks.....
Q: What about an investment in equitable at this juncture given it is being tainted by home capital? Would they not benefit from Home Capital's demise? Thx
Q: Hi I'd really like to "short" the housing market , any ideas? Thanks
Rick
Rick
Q: aside from the obvious collateral damage re HCG, what am I missing regards the recent EQB decline?
Q: Do you have any thoughts on the recent rapid price appreciation on EQB following its results last week? Results seemed pretty good in my opinion but not super spectacular and the stock is up over 20% in the last two trading days.
Q: Your opinions on the above companies would be appreciated.
Q: What stocks to sell short if Canadian housing bubble burst? I know the benefits and risks of shorting. As well as the fact that many believe that housing prices would ever go down. Obviously, I have a different opinion and would like to have your objective answer.
Q: About Mark's question, on Twitter, @CdnMortgageNews posted this yesterday: "@EQBank says > 1/2 of its 2016 YTD prime single-family securitized mtgs would not qualify for insurance under the new rules. Src: RBC". Could be a reaction to this. Hope that helps.
Q: Any thought on Equitable Group's latest results? Share value is down over 5% on news of increased dividend, increased EPS and increased ROI. Is this because of the mortgage market overall in Canada?