EQUITY FINANCIAL HOLDINGS INC. T.EQI

A disaster

[pennydredful]

since   Smoothwater    got  involved    .    Would   be  15.00    now   with  the  people  they  fired   for  no  reason.

[talladega10]

EQI and GDC are two of the activist investments made by Smoothwater that rallied after the intial announcement of their involvement but went into a nosedive later. I don't know what's wrong but they are doing a damn poor job of enhancing shareholder value. I'm beginning to think the problem is Stephen Griggs the CEO of Smoothwater and perhaps Garfield Mitchell, the moneyman behind

[frankstevens17]

EQI stock price has been a disaster for a few years and now the smell of the Home Capital situation is rubbing off on the other mortgage lenders including the major banks, what a mess.

[las5513]

Whether the stock price collapse of Home Capital and the other small mortgage lenders is justified doesn't really matter but I suspect their salvation lies in a merger or takeover of a few of these lenders by one or more of the major Canadian banks.