Q: Today in a response to Joanna regarding softness in the banks you stated "worry about the housing market in general". I would appreciate expansion on what you meant by that statement - what in the housing market would cause the banks to worry? Are you referring to housing markets generally or to markets in specific parts of the country?
Thank you.
Q: Hi Folks. This is really not a question but rather an addition to the discussion. On July 11 RBC came out with a report downgrading HCG from market perform to under perform. It seemed quite well reasoned to me and made the point that RBC now sees HCG as a steady growth company rather than a high growth company. They think this problem is specific to HCG and not industry wide. They think HCG can deliver double digit EPS growth long term but in the near term it is likely to be low to mid single digit.
Q: Sorry, yet another HCG question. I have owned the stock for sometime and have faith in management, however I am wondering how one interprets an extraordinary announcement like this.
In your response to Jerry you say the company screwed up. Management on the other hand would have us believe this is evidence of their "continued progress" with originations. Maybe the "rebound in origination volumes" is especially strong and they forgot to put numbers to it.
Certainly they expect to achieve mid term guidance despite everything.
The language in these types of announcements is so convoluted. Perhaps with your many years in the business you could help with a translation/interpretation.
Many thanks
Mike
Thanks for your answer to my question about HCG. I recently came across this article: http://www.theglobeandmail.com/globe-investor/investment-ideas/big-bank-alternative-equitable-is-good-value-and-growing/article25486861/
In the article, there are two paragraphs that stood out for me:
National Bank Financial analyst Shuba Khan said he doesn’t have any concerns about Equitable Group’s originations in light of Home Capital’s announcement.
“The issues that Home Capital highlighted appear to be company-specific,” said Mr. Khan, who has an “outperform” (similar to “buy”) and $71 target on Equitable Group.
5i is of the opinion that Home Capital's severe price decline is industry related. I do trust your insight, but am having difficulty reconciling the fact that EQB's stock hasn't suffered nearly as much, and would appreciate your comments.
Q: Given the recent quarter, expansion announcements and takeover possibilities isn't Caldwell's stock price very attractive at current levels for a small cap investment?
Q: Peter and team,
I have been trying to get a quote on CXS for the last week or so without any luck. I found today that it is going as SCB (Street Capital?) Is there any significance to the name change (I thought Street Capital was a subsidiary)? What do you think of it at this time?
Gary
Q: Hello team, Your comments pls. on ATD's 11% (!) fall (they say related to the purchase of The Pantry) and the rest of their 1Q results and opinion going froward.
Thank you
Q: Please give me your thoughts on Atd-b latest quarter results. Why were currency fluctuations a negative. I thought that a stronger US dollar would help. Thank you for your time.