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Carfinco Financial Group Stock Symbol: CFN-T

Notes:Provides consumer financing for vehicles.

Last Price Recorded: 9.2000 on 2014-04-24 01:14:33

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Date Signal Expert Opinion Price
2014-04-21 WATCH James Hodgins

On the last conference call mention that they were seeing some increased competition. They lend to a subprime market in terms of auto lending. Have always executed very well. He would wait and see what the next quarter looks like before stepping back in. They do a good job of executing in their market space. It is back on his radar screen.


Price:
$9.200
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUS
Owned:
No
2014-04-16 COMMENT Jerome Hass

Stock has dropped because quarterly results were a little bit disappointing. Also, management talked about competition in the space and it got investors’ attention.


Price:
$9.490
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
SELECTIVE
Owned:
Yes
2014-03-18 BUY Jason Donville

Earnings are good, but the stock is kind of stalling out as if we are in a late cycle phenomena. Thinks you would see a good quarter out of them and things look good for next year. Would be very comfortable buying it here at around $11.


Price:
$11.090
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2013-12-24 BUY Jason Donville

Starting to move into the states in a way that makes him comfortable.  Good growth prospects in Canada for them.  Stay the course and he thinks it will continue to do well.  4% yield.  They are just starting to bite on assets in the States and work their way into the market.


Price:
$12.140
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVELY BULLISH
Owned:
Yes
2013-12-16 COMMENT Jerome Hass

One of his largest holdings. Lenders to the lowest segments of the auto borrowing population. In the D class and they dominate the D class. Install devices in the cars, so if a borrower is behind in payments, they’ll make your horn honk for 20 seconds. If you are 30 or 60 days behind, your ignition won’t start. If they have to repossess, they have a GPS system for this. Dividend is very sustainable and they have a lot of potential to increase their dividends.


Price:
$11.930
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2013-09-18 BUY Jerome Hass

Loves the business.  They have a nice niche in the auto market. 


Price:
$10.100
Subject:
CANADIAN MIDCAP
Bias:
UNKNOWN
Owned:
Yes
2013-08-22 BUY Jason Donville

Released a good quarter recently and expects the upward trajectory to continue. Stock looks quite undervalued right now. 5.2% dividend yield, which he expects will be boosted within 12 months.


Price:
$9.320
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2013-07-16 BUY Jerome Hass

Auto financing in the D segment, which has the highest risk profile. Price had come under pressure earlier this year because of the Short position of some US hedge funds.


Price:
$9.900
Subject:
CANADIAN MID - LARGE CAP
Bias:
OPTIMISTIC
Owned:
Yes
2013-06-24 HOLD Jason Donville

Recently visited this company and got a very positive message. Have been dropping but now seems to be picking back up. Nice dividend. He is expecting another big year of growth. (See Top Picks.)


Price:
$9.120
Subject:
CANADIAN GROWTH & FINANCIAL
Bias:
CAUTIOUS
Owned:
Yes
2013-04-03 COMMENT Peter Imhof

Lends money to people buying cars. Stock has done really well and most people really like the story. Doesn’t really follow this company. 4.7% dividend yield, which he believes is safe.


Price:
$10.050
Subject:
NORTH AMERICAN - SMALL
Bias:
UNKNOWN
Owned:
No
2013-04-03 HOLD Jason Donville

Stock pulled back because 1) quarter was slightly on the weak side because of a slight jump of loan-loss provisions and 2) did a financing and part of it was management selling some of their stock, which is never a good sign. Hasn’t sold his stock but he likes high ROE businesses that don’t raise additional equity. Stock still screens very well and looks very attractive. He would probably take Rifco (RFC-X) over this one right now.


Price:
$10.050
Subject:
GROWTH STOCKS
Bias:
SELECTIVE
Owned:
Yes
2013-02-06 PAST TOP PICK Jason Donville

(A Top Pick March 5/12. Up 59.52%.) Still able to grow quite comfortably going forward. Don’t really face any competition in the space they are in. If you own, continue to Hold. Thinks there are more dividend hikes coming. (See Top Picks.)


Price:
$11.280
Subject:
CANADIAN SMALL & FINANCIALS
Bias:
BULLISH
Owned:
Yes
2013-01-29 SELL James Hodgins

Sold his holdings because of his views on 1) valuations and 2) Cdn consumer being pretty stretched at the lower end of the economy, which is where they mostly service. Fantastically run company. Very high ROE’s.


Price:
$10.960
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2013-01-08 PAST TOP PICK Jason Donville

(A Top Pick Jan 13/12. Up 66.19%.) Still adding. Has a very high ROE. This is one that you can continue holding for a while.


Price:
$10.580
Subject:
CANADIAN SMALL & FINANCIALS
Bias:
OPTIMISTIC
Owned:
Yes
2012-12-28 BUY on WEAKNESS James Hodgins

Had a huge run. Given his view on the Canadian consumer, even though the company is a fantastic operator, he has started selling his holdings. He would wait for a pullback before stepping back in.


Price:
$10.450
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BULLISH on PRECIOUS METALS
Owned:
Yes
Showing 1 to 15 of 41 entries
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1 Comment

summerbeachman

February 7th 2013 at 1:58pm

Been in this one since $7.16, take a look at the 6 month chart. 4.3% yield and keeps increasing the div. and pays a special div. end of the year. Well managed, experienced, has big banks backing it. Maybe a take out. Great ROE. Canadian vehicles are 11 years old on average so still lots of growth. Uses GPS system to disable vehicles if miss payment and don't heed warning. Steady Eddy.


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