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Bullboard - Stock Discussion Forum EQUITY FINANCIAL HOLDINGS INC. T.EQI

"Equity Financial Holdings Inc provides financial services. The Company through its subsidiary serves the Canadian alternative mortgage market by offering residential mortgage loans to non-prime and near-prime customers."

TSX:EQI - Post Discussion

View:
Post by dealmaker0 on Feb 26, 2015 8:13am

Balance sheet

The mortgages went down from 394 million to approx 280 million 

amazing they hey earn a 3 percent spread on Mtges and instead 

of going up you go down 25 percent.  Great business model
Comment by talladega10 on Feb 27, 2015 2:58am
The stock price action in this company paints a fairly bleak picture which led me to recently bail out completely. There will probably be a recovery for EQI at some point in the future but I'm not prepared to wait around.
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