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Chesswood Group Ltd T.CHW

Alternate Symbol(s):  CHWWQ

Chesswood Group Limited is a Canada-based holding company. The Company, through its subsidiaries, engages in the business of specialty finance (including equipment finance throughout North America and vehicle finance and legal sector finance in Canada), as well as the origination and management of private credit alternatives for North American investors. Its subsidiaries include Pawnee Leasing Corporation (Pawnee); Tandem Finance Inc. (Tandem); Waypoint Investment Partners Inc. (Waypoint), Chesswood Capital Management Inc. and Chesswood Capital Management USA Inc. (CCM USA); Rifco National Auto Finance Corporation, and 1000390232 Ontario Inc (Easy Legal). Pawnee, which finances micro and small-ticket commercial equipment for small and medium-sized businesses in the United States through the third-party broker channel. Tandem sources micro and small-ticket commercial equipment originations to small and medium-sized businesses through the equipment vendor channel in the United States.


TSX:CHW - Post by User

Bullboard Posts
Comment by MaxCdnon Aug 18, 2019 2:18pm
64 Views
Post# 30040978

RE:RE:RE:Yellowbrick

RE:RE:RE:YellowbrickThey are affected by the economic news... a drop in the interest rate is not good for financial holdings in general. However, their clients will benefit from that (therefore less bad loans provisions). CHW is reluctant to drop interest rate and prefer to lose business short term because of that (refer to Pawnee Leasing comments). Also, the market reacted negatively to their new venture “Tandem” (in USA only but in a great State: Texas). Management commented on that and predicted that too.... Just wait until that new business starts to generate revenues!!!! At the actual price, I added myself last week and will not have any hesitation to add more. At one point, enough is enough!
Bullboard Posts