Counsel Corporation CXSNF

RE:RE:RE:RE:Bank License?

[Scotch12]

It is really a guess but  I agree with alltruth that we are probably looking at 25% or about 50 cents a share. Just getting the licence with make the company a much more attractive takeover target. As I recall Home Capital Group - HCG is just starting the process of applying for a licence so they are basically two years behind CXS). 

The real question is whether CXS can leverage the bank licence into more profitable financial services. Mortgages have low margins whereas credit cards are a very high margin business. A lot of the senior management at CXS have experience working for credit card companies mostly VISA if I recall correctly (you can check the companies website).