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Carfinco Financial Group Stock Symbol: CFN-T

Notes:Provides consumer financing for vehicles.

Last Price Recorded: $11.2000 on 2014-10-21 01:14:17

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Date Signal Expert Opinion Price
2014-09-11 DON'T BUY Teal Linde

There is increasing competition in the sub-prime auto lending area and they did an acquisition that is taking time to digest.


Price:
$8.240
Subject:
NORTH AMERICAN
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-09-10 HOLD Alex Ruus

Has always admired the job the management did in building up a pretty good business. When investing in smaller cap Canadian stocks, you have to be a little patient because they get into these funks. There are so many momentum guys investing in the market now and they start to see a stock start to fall off, even if there are good fundamentals, they may start to sell. He is just starting to look at this one. There is more competition coming in to their segment of the market.


Price:
$7.620
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2014-06-20 DON'T BUY James Hodgins

Has a small Short on this, but is neutral on it. On this pullback he would not recommend a Short. Had a hiccup in the business, but overall it is a good company. Not super cheap, and they won’t have any momentum going in their loan book right now. There is more competition on the low end of their market, and that is kind of hurting them right now.


Price:
$8.680
Subject:
MARKET NEUTRAL INVESTING
Bias:
BEARISH
Owned:
Yes
2014-06-19 BUY Jason Donville

Still likes this. Reasonably priced. Doesn’t think competition is a big issue. Stock has dropped because they did a financing, which effectively delevered them quite a bit. That affected their ROE, so now he is waiting for that capital to get soaked up. ROE seems to be troughing around the 20% level, which is where he wants it to stay. Expects this will start to lift as that capital gets employed. (See Top Picks.)


Price:
$8.800
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2014-06-18 COMMENT Jerome Hass

Doesn’t think there is anything wrong with this company, but, for the longest time, they were the only player in the D (?) space within auto lending. They now have another competitor, whereas in the past, there wasn’t as much attention paid to customer care and customer service. Because of this, a lot of dealers, when offered a 2nd source, were very eager to do so. Still a lot of scope for both of them to grow their businesses.


Price:
$8.930
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
SELECTIVE
Owned:
No
2014-05-27 SELL Keith Richards

The 1 year chart shows the uptrend broken in January. Not a great looking chart. If he owned, he would probably use the most recent rally as a way to get out.


Price:
$9.020
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
No
2014-05-14 BUY on WEAKNESS Brooke Thackray

Automotives’ seasonality is from Feb into April or May, but it pulled off substantially this year.  Buy at last year’s low.


Price:
$8.840
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
CAUTIOUS
Owned:
Unknown
2014-04-25 SELL Patrick Horan

It is the shape of the Canadian consumer and how leveraged they already are.  If Canada is at the end of its credit cycle then you want to get out of this.  Would prefer a US regional bank for a credit cycle play.


Price:
$8.900
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
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
Showing 1 to 15 of 49 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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