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First National Financial Corp T.FN

Alternate Symbol(s):  FNLIF | T.FN.PR.A | T.FN.PR.B

First National Financial Corporation is the parent company of First National Financial LP, a Canadian originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. The Company's segments include Residential and Commercial. The Residential segment includes single-family residential mortgages. The Commercial segment includes multi-unit residential and commercial mortgages. Its commercial mortgage solutions include mortgage solutions and commercial servicing. Its mortgage solutions include retail, multi-family residential, office, industrial, storage, student housing, mixed-use and land. Its commercial servicing includes mortgage servicing, financial requirements, undertaking, insurance requirements, property tax, pre-payments and banking changes, and annual compliance forms. Residential Mortgage solutions include home buyers, customers and My Mortgage by First National. The Company offers mortgage brokers solutions.


TSX:FN - Post by User

Comment by mack2000on Nov 29, 2000 11:03pm
159 Views
Post# 2911015

RE: FN should buy DROOY

RE: FN should buy DROOYblack56, it would be a very , very , cold day in hell before franco would even think of buying drooy. first drooy is high cost producer , second its hedged , and also very small (inmrk cap ). the reason franco would merge with a south africian miner is cause they strongly believe (and probably know ) that gold mining in south africa is a very safe bet. franco if nothing are great investors (the warren buffet of gold mining ) every thing they touch turns to gold (ie aber goldstrike stillwater kensyder and even incovbn oilgas and much more).franco wanted to merge with gold fields for a few reasons. goldfields breakeven costs are the lowest in the world , they have the second largest reserves in the world (70 mil at 285 gold ) . gold fields has a clean balance sheet . second with gold prodution (4.4 mil oz ) and great management . Now drooy dosent even come close . franco will never take a chance with drooy but as gold investors and drooy at lows (.70 cents us) might not be a bad gamble.
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