TSX:STB.DB.A - Post by User
Comment by
FillingMyBootson Jun 02, 2017 12:10pm
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Post# 26317221
RE:We're looking for another Student Transportation/STB
RE:We're looking for another Student Transportation/STB"Chesswood Group Ltd provides micro and small ticket equipment financing to small and medium sized businesses, working capital loans to small businesses and commercial equipment financing to small and medium businesses in Canada." If you need something in financials CHW.TO 7.41% yield had an unexplained sell off lost 25% from the April 11th high .. fundamentals are sound and the analyst target prices are juicy from here seems to be the start of a reversal
Low float so it gets pushed, pulled & overdone both ways quite easily but good entry here imo
Below is a post from that board today (that must have been typed on a phone with fat thumbs) in part speculating on the recent seller that looked to me came from house # 080 National Bank .. no sales from them in over a week now hopefully they are done
Incidentally I just got my trailing stop on STB hit today and think I will be putting those funds in to CHW based on it being a better value (P/B & P/E ratios) coupled with the sell off has better potential for rapid capital appreciation if this is the reversal here
RE:RE:RE:RE:RE:In @$11.60
net income grew 96.26% year over year (YOY). from an accounting standipoint . this is a VERY healthy comapny. I talk to the executive of Chesswood just recently. they assumed me business was growing rapidly, less diliquint accounts, and earnings were robust. They think that a fund , or pension fund has redemtions and dicided to liquidate some of their stock as well as others- that was there best guess. they went on to say , the market shoudl deem to 30 milllion extention of borrowing to be modest and to grow their business . this money is for expansion, and to reloan in their business to make further gains . Basically to expand profits. The Pres and CEO , went on to say the company is 100% healthy and the next few quarters will more than prove their vision is concrete and profitable. I think my past and recent buys are solid ones . I will not sell into this , rather I will but . Targets remain at well above where this company trades at .
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.chw&postid=26315415#hlJXl67v7wSr8KyL.99