Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Chesswood Group Ltd T.CHW

Alternate Symbol(s):  CHWWF

Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance, including equipment finance throughout North America and vehicle finance and legal sector finance in Canada, as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee), Tandem Finance Inc. (Tandem), Vault Credit Corporation (Vault Credit), Rifco National Auto Finance Corporation and others. Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through a third-party broker channel. Tandem, which sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States. Vault Credit provides commercial equipment financing and loans to small and medium-sized businesses across Canada.


TSX:CHW - Post by User

Bullboard Posts
Comment by constructionsiteon Feb 17, 2015 12:20pm
142 Views
Post# 23436010

RE:Amazing...

RE:Amazing...You're right that strong moves up or down feed on themselves, especially with a stock that is thinly traded like this one.

I think there are a few other factors specific to this stock too: one is doubtless the recent negative "Donville Dump" and any other similar sentiment that might be out there.  I suspect that rather than really changing people's minds however, Donville's dump would act more as a further catalyst for the self-feeding cycle that is already in effect, as nervous nellies and shorters feel emboldened to sell by reading or hearing things like this.  In other words, Donville is just saying what sellers want to hear (has he ever been very original in his thinking?)

Another factor is that the TSX is sporting quite a few high yielding stocks right now, so CHW yielding around 8% doesn't seem as catastrophically high as it would in better-market times.  IMO, this will work itself out in the near future, as some stocks cut their dividends and others rise in price, causing the yield to settle back down.  I'm hoping CHW is the latter. :)

That being said, only longs who bought in early 2013 or earlier are making money by selling at these prices.  So are we being hit by panic or shorters?  I don't have access to the numbers, but maybe someone can post them?  If you think the divi is going to be cut, it would be a good idea to short I guess, but otherwise, it seems to be a risky "short" (in both senses) term play.

Anyway, I may get sliced a bit by the falling knife, but I'm buying a bit more today.  I liked the sale on Friday and I like it even more today.

Have fun all.
Bullboard Posts