Chesswood Group Ltd T.CHW

Alternate Symbol(s): CHWWF

Financial Services

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

Chesswood Group Ltd > Better lock it in!!

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Comment by logicandinertiaon Jun 09, 2020 11:56am

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Post# 31129022

RE:RE:RE:Better lock it in!!

Agreed.

the impressive thing here is the longevity of Pawnee Leasing (the main unit of chesswood) and its performance across economic cycles . If anything, it has been run too conservatively . Something that helps in times like this. 25 year banking relationship with JP Morgan and good historical loan underwriting. Illiquid stock, but if economy comes back to any great extent, dividends will resume and the share price likely to reclaim $7+ IMO. Good article below from 2012 but speaks to how the business is run.

https://www.monitordaily.com/article-posts/pawnee-leasing-30th-anniversary/

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