GREY:CXSNF - Post by User
Post by
retiredcfon Jan 27, 2014 12:31pm
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Post# 22138251
Analysts
Analysts A lousy day on the markets to be sure but there are some high quality names on this list of analysts who have recommended CXS (including McWhirter who is on Market Call this Friday). They can't all be wrong. GLTA
| 2014-01-17 |
BUY |
Rob Stabile |
(Market Call Minute.) Banks are walking away from the mortgage brokerage industry in Canada, giving opportunities to smaller companies like this.
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Price:
$2.400
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown |
| 2013-12-24 |
BUY |
Jason Donville |
Had a good run. There is some hype that is built into the stock price. Prefers Home Capital (HCG). No major issues with CXS, however.
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Price:
$2.410
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVELY BULLISH
Owned:
No |
| 2013-12-20 |
HOLD |
Michael Decter |
(Market Call Minute.) Likes the business they are in.
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Price:
$2.230
Subject:
CANADIAN
Bias:
BULLISH
Owned:
Yes |
| 2013-12-17 |
BUY |
Mike S. Newton, CIM FCSI |
He would make an argument that this is probably a good Buy here. He would be interested in getting back into this name. Doing a great job in the mortgage business.
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Price:
$2.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No |
| 2013-12-16 |
TOP PICK |
Jerome Hass |
Essentially they match up a mortgagee with a financial institution. This goes on to the financial institutions book, but they continue to administer the mortgage. Because they are administering the mortgage, they continue to have a relationship with the borrower. When the mortgage comes up in 5 years, they are the ones they are most likely to turn to. Because of this, their margins are about 2.5X of the renewals of the originals. They are in their 6th year of operation so we are now starting to get in the Golden age where they are getting the rollovers of the mortgages.
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Price:
$2.180
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes |
| 2013-12-10 |
BUY |
Fabrice Taylor |
Mortgages. They don’t underwrite them themselves but are basically an agent. Do okay when they originate a mortgage, but do even better when they refinance it. Typically they refinance after 5 years. Have eaten up a lot of market share in 5 years. Refinancing is just starting now, that is, the business they wrote in 2008 is now starting to be rewritten and every year it gets bigger and bigger. What you want to be cautious about is how long can the housing market continue. If interest rates stay low, they should be okay. Have some hidden assets that are worth anywhere from $.30-$.80 a share and they are going to dispose of them and will probably pay a special dividend or redeploy the capital elsewhere.
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Price:
$2.250
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes |
| 2013-11-06 |
BUY on WEAKNESS |
Mike S. Newton, CIM FCSI |
(Market Call Minute.) Sold his holdings about 2 months ago. If it pulled back a little, he would probably Buy.
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Price:
$2.490
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No |
| 2013-10-25 |
BUY |
Peter Hodson |
In a high profile area in terms of mortgages and is growing very fast and is still quite cheap. Their mortgage subsidiary is becoming a bigger player, probably #4 and it’s still a relatively tiny company. Any stock that has gone up so much tends to be exceptionally volatile. Feels this is quite viable. Likes the management team, the sector, the growth and the valuation. If the housing market rolls over, their business is going to slow down but he doesn’t think that is going to happen.
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Price:
$2.670
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No |
| 2013-10-09 |
BUY |
Robert McWhirter |
Still offers good opportunity. Focusing on their Book and they are streamlining their business making it easier for investors and analysts to follow, which is in part why the stock has moved up. Still reasonably priced with good opportunity for growth going forward.
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Price:
$2.840
Subject:
CANADIAN & TECHNOLOGY
Bias:
OPTIMISTIC
Owned:
Unknown |