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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

Comment by GoldenArmon Feb 09, 2022 1:08pm
128 Views
Post# 34413199

RE:Good and Bad News

RE:Good and Bad NewsI would have said that the PE multiple on this stock is the bad news. With cheap money available and rents going up in price this is a seriously undervalued stock.

If they do increase dividend that may put some life in the stock. The volume of shares traded is low and that isn't because of anything else other than it is a Canadian stock and that people are VERY RELUCTANT to sell their shares.

Insiders are buying all the time. Why isn't the share price $30??
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