RE:RE:RE:RE:RE:RE:RE:Q2 out.brutallogicandinertia wrote: The stability is important as it relates to accessing existing and new lines of lower cost funding. In a spread business, vital. This is a large fragmented market and if Chesswood can further refine and automate its business, it can scale . They have shown a good track record of solid returns and shareholder distributions.
I worked for a US bank in lending before move back to Canada and there are a lot of undercapitalized , pretty poor alternative lenders to steal share from. Post covid , a number may be on life support...
am hopin that new team uses more technology and can scale.
These are the types of sub $100mm mkt cap companies that can double or triple imo.
I agree with you there is some possible good potential but so far have been disappointed in the performance during covid and loan loss provisions will remain high and possibly be worse dependent upon economic improvement. I have long term faith in sonshine and the fact he will protect his investment however i feel if bad quarters persist their could be much worse share price loss..who knows good luck