GREY:CHWWQ - Post by User
Post by
Nashville35on Nov 04, 2021 8:26am
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Post# 34085696
q3 results and the gorwth continues
q3 results and the gorwth continueslooks pretty solid all around
growth in teh lending book +16% qoq and now $1.4 billion
expenses up due to acquisitions and spend on infrastructure.
free cash/earnings reduced by strength in cdn dollar. but free cash still $0.55 for the quarter
in previous message, i said chw were becoming lower absolute risk due to better diversification of end markets, diversifying funding mechanisms, and move toward prime credits, which allows big ABS deals to be done.
also announces formation of a private client business, which opens up another avenue for funding.
clear new management is moving this business from niche US equipment finance business with limited funding options to diversified special finance company with broad array of funding mechanisms. will take time, but looks like rapid progress already being made.
+$20 stock by end of 2022.