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Bullboard - Stock Discussion Forum 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... see more

TSX:CHW - Post Discussion

Chesswood Group Ltd > third q report
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Post by Nashville35 on Nov 07, 2023 8:07am

third q report

big cost cutting helped get them back to positive free cash flow, over $5 mill this qtr.
 

considering interest expense doubled ytd from $46 mill to $91 million and net charge offs have increased from $9 mill to $47 million, chw still has generated $11 mill in free cash flow and $3 million in net income for nine mths of 2023

if this is the peak in both credit losses and interest rates, relief in 2024 shud mean get back to nice levels of profitability.  and if biz stays profitable in such bad year and doesn't look like will burn book value in 2023, will trade back to at least book on recovery in 2024 imo

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Chesswood Group Ltd