Timbercreek Financial Corp T.TF

Trading significantly below Book Value

[MyHoneyPot]

This stock is trading significantly below book value, and as soon as interest rates come down the stock is going to jump in price.

With the current return of 10.39% it like buying a 20 year bond and getting 10.39% return, you will never get that from a bond. 

Super cheap i am buying bigtime for my TFSA.

IMHO

[sergio2go]

It is indeed a true headscratcher. Their numbres are better than most. The only item that may scared investors is the incredible high yield of 10%+ which is generally regarded as an eventual dividend cut. That being said, i do not beleive at such possible cut and i remain very positive and even more once the total amount of the remaining loan to Groupe Huot will be settle. IMHO

[MyHoneyPot]

This is simply mispriced now, the group buying the properties gave them 24 million in cash and have commited to pay it our by the end of the year. (reducing risk) Do you think they would do that if they were not going to pay it out? the rest of the loan I went back and looks at the stage 3 loans and this one pretty well represented 75% of their stage 3 exposure, so their stage 3 exposure is

[Konaboy]

Settling this account is fantastic news, but to keep the machine going they need to re-deploy the cash.  I think there may be questions about opportunities to do this ??

[CanSiamCyp]

The rules that govern MICs (Mortgage Investment Corporations) require them to pay out (I believe) 90-95% of their net income to shareholders (and which is taxable as Interest). So if they earn a lot per share, their payout (dividend) per share will logically be high! So fears of a dividend cut are greatly overblown, in my opinion. Cheers!