Counsel Corporation CXSNF

cheap shares

[bagcheese]

i figure you have 6 weeks or less to pick up shares under 2$

[DayOfReckoning]

Why? Big earnings knock-out? Investors are concerned about the competition impacting new customer growth. Counsel trades at 9x 2014 EPS and offers no dividend. Its also very small cap and by definition risky. If an investor can buy a Canadian bank that trades at 11x with a 4% yield, why would they buy this unless the growth is compelling?

[bagcheese]

I don't think any analysts have projected any of the big banks to grow at 40% this year or have targets of 52% higher than current share prices like they have with cxs I think its very tough to compare cxs to a big bank beyond they are both in mortgage services. .. As for compelling growth, still how does a big bank match cxs in growth? Like you stated cxs is small so growth is more compelling

[DayOfReckoning]

Clearly the market already has a pretty good handle on CXS's growth profile, and its not that impressed. I'm not saying that the multiple can't rise again, but currently investors are rotating away from riskier bets like CXS in favour of safer plays. Its happening in a lot of sectors. If the stock is such a bargain, why aren't insiders buying? We are past the blackout period

[bagcheese]

if cxs is risky, yet u say there is no more downside.. isnt that a contardiction... as for insiders.. also if the mortage business is risky, i guess all businesses are risky bc at least with mortages, if the mortgagee doesnt pay the motgage, the lender has a hard liquidable assest call a house....

[DayOfReckoning]

I never said there wasn't anymore downside, I said I didn't think there was much left unless things are changing behind the scenes (i.e competition). Think about what you said; If CXS ends up in the position where it's customers are defaulting on their homes, then what does that do to THEIR business as intermediaries? also if the mortage business is risky, i guess all businesses are

[bagcheese]

so cxs would lend $$$ backed by... nothing? and just rely on ppls good will to pay their mortgage? and.. are u a holder of cxs? or u want to buy some? whats your reason for being on this board?

[DayOfReckoning]

Lol.... You don't have a clue how their business model works do you? GL my friend ;)

[bagcheese]

Oh I do my friend. But why don't u explain it for us and also explain why you post on here, I asked if you post on here bc you hold cxs or you want to buy it????

[bagcheese]

ohhh looks like i was right those cheap shares only being around for 6 weeks EH DayofReckoning ;) ;) you gonna eat your words now basher ..oh look its 2.04 sp ..was 1.50's ...exactly 6 weeks as I said this sp started going up.. wow, I don't think ppl should listen to you