Analyst coverageI found this from a link on the HBM board
jimi
https://www.analystcoverage.org/news.htm
Xceed is a specialized single-family, residential mortgage lender, focusing on a rapidly growing sector in the Canadian mortgage market.
Xceed provides residential mortgages to two main (overlapping) groups of borrowers who are normally not eligible for traditional prime mortgages from the major banks:
Credit-challenged borrowers with complicated or problematic credit histories; and/or
High-ratio borrowers who want to borrow up to 100% of the value of the property.
Xceed's clear underwriting guidelines, geographic diversity of its portfolio, and arrears management program, ensures credit risks are managed and mitigated.
Xceed estimates the potential size of the non-traditional market in Canada to be approximately $55 billion or about 10% of Canada's total mortgage market.
In a little more than two years, Xceed has become one of the fastest-growing, non-traditional residential mortgage finance companies in Canada. The company operates in all provinces and is regulated under mortgage broker legislation in each province.
RECENT NEWS:
Xceed Mortgage Announces Record Financial Performance in Fiscal 2005, Net Income Up 95%; Fourth-Quarter Mortgage Fundings Up 103%
Steve Cawley ....... TD Newcrest……Mar 10, 2006
Maintained HOLD
Price Target raised to $11.00 from $10.50C
XMC Price day before: $10.00Finish day posting:$10.19Current:$10.19
-----Feb 24, 2006---
Downgraded to HOLD from BUY
Price Target $10.50C
XMC Price day before: $10.10Finish day posting:$9.85Current:$10.19
-------Feb 17, 2006-----
Maintained BUY
Price Target raised to $10.50 from $9.50C
XMC Price day before: $9.00Finish day posting:$9.20Current:$10.19
-------Jan 16, 2006-----
Upgraded to BUY from HOLD
Price Target raised to $9.50 from $8.50C (Target Hit Feb 17, 2006)
XMC Price day before: $7.73Finish day posting:$8.20Current:$10.19
----Nov 08, 2005------
Maintained HOLD
Price Target raised to $8.50 from $8.00C (Target Hit Feb 14, 2006)
XMC Price day before: $7.50Finish day posting:$7.40Current:$10.19
----------Sept 12, 2005-----
Downgraded to HOLD from BUY
Price Target raised to $10.00 from $8.00C (Target Hit Feb 20, 2006)
XMC Price day before: $9.20Finish day posting:$8.40Current:$10.19
------July 29, 2005---
Maintained BUY
Price Target raised to $8.00 from $7.00C (Target Hit Sept 09, 2005)
XMC Price day before: $6.90Finish day posting:$7.00Current:$10.19
----June 15, 2005-------
Maintained BUY
Price Target $7.00C (Hit Target July 29, 2005)
XMC Price day before: $5.33Finish day posting:$5.30Current:$10.19
------May 09, 2005-------
New BUY
Price Target $7.00C (Hit Target July 29, 2005)
XMC Price day before: $4.60Finish day posting:$4.88Current:$10.19
**********************
Michael Goldberg ....... Desjardins Securities…….Mar 10, 2006
Maintained HOLD
Price Target raised to $9.70 from $7.85C
XMC Price day before: $10.00Finish day posting:$10.19Current:$10.19
-------Jan 16, 2006-------
Maintained HOLD
Price Target $7.85C
XMC Price day before: $7.73Finish day posting:$8.20Current:$10.19
-----Oct 20, 2005----
Maintained HOLD
Price Target $7.85C (Target Hit Jan 13, 2006)
XMC Price day before: $7.00Finish day posting:$6.90Current:$10.19
------Sept 12, 2005-------
Maintained HOLD
Price Target raised to $7.85 from $6.20C (Target Hit Sept 16, 2005)
XMC Price day before: $9.20Finish day posting:$8.40Current:$10.19
---------June 15, 2005---------
Maintained HOLD
Price Target raised to $6.20 from $4.95C (Hit Target July 13, 2005)
XMC Price day before: $5.33Finish day posting:$5.30Current:$10.19
**********************
Jason Donville.............Sprott Securities……Mar 10, 2006
Price Target raised to $12.50 from $10.50C
XMC Price day before: $10.00Finish day posting:$10.19Current:$10.19
-------Jan 16, 2006--------
Price Target raised to $10.50 from $9.50C
XMC Price day before: $7.73Finish day posting:$8.20Current:$10.19
**********************
Atul Shah .............BMO Nesbitt Burns…….Mar 10, 2006
Maintained MARKET PERFORM
Price Target raised to $11.00 from $9.00C
XMC Price day before: $10.00Finish day posting:$10.19Current:$10.19
----Feb 16, 2006--------
Maintained MARKET PERFORM
Price Target $9.00C
XMC Price day before: $8.49Finish day posting:$9.00Current:$10.19
------Jan 16, 2006-------
Maintained MARKET PERFORM
Price Target reduced to $9.00 from $9.50C (Target Hit Feb 16, 2006)
XMC Price day before: $7.73Finish day posting:$8.20Current:$10.19
-----Apr 07, 2005-------
New MARKET PERFORM
XMC Price day before: $4.60Finish day posting:$4.88Current:$10.19
**********************
Steve Boland .............GMP Securities…….Mar 09, 2006
Price Target raised to $12.00 from $10.50C
XMC Price day before: $9.75Finish day posting:$10.00Current:$10.19
-----Feb 27, 2006-----
Price Target raised to $10.50 from $9.00C
XMC Price day before: $9.85Finish day posting:$10.05Current:$10.19
-----Jan 13, 2006-------
Price Target raised to $9.00 from $7.50C (Target Hit Feb 16, 2006)
XMC Price day before: $6.65Finish day posting:$7.73Current:$10.19
**********************
Darko Mihelic .............Blackmont Capital…….Mar 10, 2006
Maintained SPECULATIVE BUY
XMC Price day before: $10.00Finish day posting:$10.19Current:$10.19
-------Jan 12, 2006---------
Maintained SPECULATIVE BUY
XMC Price day before: $6.60Finish day posting:$6.65Current:$10.19
------Sept 12, 2005----
Maintained SPECULATIVE BUY
XMC Price day before: $9.20Finish day posting:$8.40Current:$10.19
------July 11, 2005--------
New SPECULATIVE BUY
Price Target $9.00C (Target Hit Sept 09, 2005)
XMC Price day before: $5.49Finish day posting:$5.89Current:$10.19
**********************
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