Chesswood Group Ltd T.CHW

Alternate Symbol(s): CHWWF

Financial Services

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

Chesswood Group Ltd > buying back stock under book value - good for chw holders

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Comment by Nashville35on Nov 27, 2020 6:22am

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Post# 31987313

RE:RE:buying back stock under book value - good for chw holders

yes, am in agreement w/you. hopefully this new ceo follows thru. he bought a lot of stock personally in august.

rough #s but if co. can buyback 1 million shares below book and earn = or > 20mm (like it did in 2016/17/18), good for roe (>15%) and at that point, maybe paying out lot more as dividend. market probably pays >1.3x book if post vaccine economy is v strong. staying long.

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