Q: Curious about your thoughts on MKP:CA as an income stock, it boasts a decent yield, but trading at a 52-week high right now. Been paying a decent dividend for along time now, but only has a "Sell" rating by one analyst and concerns over sustainability.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
- MCAN Mortgage Corporation (MKP)
- Atrium Mortgage Investment Corporation (AI)
- Firm Capital Mortgage Investment Corporation (FC)
- Timbercreek Financial Corp. (TF)
Q: Hello 5i Team
I am reviewing alternative high yield C$ investments for my RRSP for a small portion of my fixed income (< 5% of total portfolio ).
Looking at the publicly traded mortgage investment corporations (MIC) on the TSX - of the four listed, which would be your preferred choice and/or ranked in order.
Are there any other MIC listed on the TSX?
Could you also confirm that "dividends" for MICs are considered as "interest" if held in a non-taxable account.
Thanks in advance for the great service.
I am reviewing alternative high yield C$ investments for my RRSP for a small portion of my fixed income (< 5% of total portfolio ).
Looking at the publicly traded mortgage investment corporations (MIC) on the TSX - of the four listed, which would be your preferred choice and/or ranked in order.
Are there any other MIC listed on the TSX?
Could you also confirm that "dividends" for MICs are considered as "interest" if held in a non-taxable account.
Thanks in advance for the great service.
Q: What do you think about Mcan Mortgage Co at the current price for income? Thank you. Hans
Q: Could I please have your analysis on the last quarter results of MKP. Buy, sell or hold?
Q: In your reply to Kimberley regarding MKP, you stated that you'd find it hard to get interested (given all the issues), but that's assuming you don't already own it. However, for those of us who do, would you suggest hanging on to it? Or would you swap it out for something like EIT.un if one wants to maintain the same level of non-dividend income?
Q: Hi MKP stock fell when the dividend was decreased, plus management changes; earnings released yesterday looked ok, do you think the reaction was overblown? What's your opinion of this stock, ok to long term hold or would you get out as I have a full position? Thanks.
Q: Good morning 5i Team. MKP continues to drop. What price or event would get you more interested in this one?
Thanks,
Peter
Thanks,
Peter
Q: What do you make of the CEO leaving? Is the sharp drop in the share price just about the small cut in the dividend, interest rate worries, or maybe some bad news related to the sudden CEO departure.
Thanks
Peter
Thanks
Peter
Q: Why did this stock drop 8% today? Where do you see this stock as a two to five year hold.
Q: Could I please have your analysis on the last quarter results. Buy, sell or hold?
Q: I own both for stable income, but I need to sell one to raise some cash. Which would you keep for the long term, and why?
- Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
- Gluskin Sheff + Associates Inc. (GS)
- Callidus Capital Corporation (CBL)
- MCAN Mortgage Corporation (MKP)
- Firm Capital Mortgage Investment Corporation (FC)
Q: Greetings. CBL, MKP, FC all pay a great dividend, but have lost Cap value over the past year or so. Forward trending does not indicate much value appreciation. Should I be concerned with this sector of altrenative lenders to the major banks. Sell or hold ? Other options to consider. ie some growth expectation and a reasonable div or say +4%
Thanks
Thanks
Q: I have owned MCAN in my RRIF for some time. My RRIF holds primarily income stocks, and my more aggressive growth stocks are in an unsheltered account. MCAN just announced a nice big dividend increase. What is your opinion on this stock now? Thanks.
Q: Hello Peter, I am wondering what you think of First National (FN) and MCAN Mortgage Corp (MKP) for income. Would you hold both or do you prefer one over the other? Thanks for your advice.
Q: Could you please comment on the recent earnings report and your thoughts going forward on this stock. Buy, sell, hold.
Q: I have held MKP for years. It has dropped in recent days in sympathy with HCG. Since it is a similar company, could it have similar issues? I also note that the dividend has risen to over 8%, another reason for concern? What action would you recommend for a holder of MKP at this time?
- First National Financial Corporation (FN)
- MCAN Mortgage Corporation (MKP)
- Atrium Mortgage Investment Corporation (AI)
- Firm Capital Mortgage Investment Corporation (FC)
Q: I understand that you guys don't like this space. I'm warming up to it and would like to take advantage of HCG's collateral damage. Pls rank the above and describe how they fund their deposits. Thanks!
Q: To what extent are these two - or others like them - influenced by higher rates. My understanding was that this had become a very competitive sector yet both have appreciated significantly in recent months. What are their prospects?
- MCAN Mortgage Corporation (MKP)
- Firm Capital Mortgage Investment Corporation (FC)
- Timbercreek Financial Corp. (TF)
Q: I'm aware of the interest rate and housing market sensitivity, but I'm still intrigued by the yield. Are the payouts of such MIC's classified as true dividend income (eligible for the dividend tax credit)?
If you aren't a big fan of these MICs, what would be your top 3 picks for companies with high (as safe as possible) yields (north of 6%)?
Thank you
If you aren't a big fan of these MICs, what would be your top 3 picks for companies with high (as safe as possible) yields (north of 6%)?
Thank you
Q: Currently I hold MKP in my RRSP with the intent of receiving income and as a long term hold.
Given the new mortgage rules should I be reassessing whether to keep this stock?
Given the new mortgage rules should I be reassessing whether to keep this stock?