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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

Bullboard Posts
Post by thompsonljon Sep 30, 2008 2:24pm
733 Views
Post# 15494508

Buying?

Buying?this co. with cash on hand and no debt should use this oppourtunity to grow the co. out of the ashes left in the wake of the financial meltdown. There are a lot of cheap co.s out there right now.It would seem to me, that the next move this co. should take would be to buy into cash straped financial institutions in the U.S..Any thoughts out there?
Bullboard Posts