EQUITY FINANCIAL HOLDINGS INC. T.EQI

One year target is $18.50:James Hodgins recommended on BNN

[AltAInvest1]

James Hodgins, Chief Investment Officer, Curvature Hedge Strategies recommended on BNN (June 20, 2014) :

Equity Financial (EQI TSX) - Most recent purchase: last week at approximately $9.43
This is a very cheap turnaround story with new management and deep pockets behind it. Trades at one times book value vs. peers equitable or home capital, which are two to three times book value. As management ramps the return on equity of its loan portfolio that valuation gap with normalize. Management is also highly cautious on the housing market and is very strict in its lending practices. One year target is $18.50 or two times book value.

[frankstevens17]

Hodgins needs to step up to the plate and buy but I suspect he's decided to go into hiding based on recent trading. So once again we get another BNN guest that's basically a phoney. Does it ever end with these clowns?

[las5513]

The EQI stock price has been getting a pounding the last few days and this morning I see it's offered below $9.

[AltAInvest1]

cOMPANY IS ON TRACK TO TAKEOFF. please see F/S below: Year to Date 2014 Financial Highlights Net interest margin of 3.21% Net interest income of $6,837, up 66% year over year Fee income of $787, up 119% year over year Adjusted net earnings from continuing operations[1] of $869 Adjusted basic earnings per share from continuing operations1 of $0.09 Net loss from continuing

[frankstevens17]

I bought this stock because Smoothwater Capital is the major shareholder and not because anything that clown James Hodgins had to say. Smoothwater is an activist investor and they are doing a great job with Genesis Land Developement (GDC) so I'm confident following them into EQI.