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MCAN Mortgage Corp Stock Symbol: MKP-T

Last Price Recorded: $11.2400 on 2015-08-01

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Date Signal Expert Opinion Price
2014-12-29 SELL ON STRENGTH Derek Warren

With Mortgage companies, you should receive a safer income stream as interest rates rise.  It is a yield-only vehicle.  If the stock moves up, trim down.


Price:
$14.240
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Unknown
2014-12-22 COMMENT James Hodgins

Has a small short position as part of a basket that is against his biggest Long Equity Financial Holdings (EQI-T) (?) in that sector. He is short this because it is one of the few publicly traded mortgage companies originators that has some pretty significant Western Canadian exposure, which will act as a bit of a headwind. Trading at close to 2X BV, whereas the company that he likes better is trading below its BV. 7.8% dividend yield is safe as long as the real estate market in Canada holds up and interest rates stay low. At some point we are going to see residential real estate in Canada roll over, and certainly in areas that are going to be hit by the decline in energy.


Price:
$14.400
Subject:
MARKET NEUTRAL INVESTING
Bias:
BEARISH on COMMODITIES
Owned:
Yes
2014-01-15 COMMENT Bruce Campbell (2)

Mortgage investment company. When he got concerned as to where interest rates were going, he moved out of this. Longer-term it is a great vehicle for yield but there is probably not a lot of growth. As rates ratchet up or ratchet down, their yields will move up and down.


Price:
$13.190
Subject:
CANADIAN
Bias:
BULLISH
Owned:
No
2013-12-27 PAST TOP PICK James Hodgins

(A Top Pick Dec 28/12. Down 1.56%.) 3 Shorts. He is now layering this trade back on now because the spike in rates in May through August pulled forward demand in the housing market.


Price:
$12.900
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUS
Owned:
Yes
2013-10-18 BUY Jason Donville

Pay out all their profitability every year.  Stock had a little bit of a sell off but it was not anything significant.  A timely buy.


Price:
$12.410
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVE
Owned:
Unknown
2013-09-30 PAST TOP PICK James Hodgins

(Top Pick Sept 27/12, Up 1.24%)  SHORT.  He was early in his call.  We saw re-accelerating sales over the last three months.  He saw some increase in their loan write-offs in the last few months.


Price:
$12.400
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH on US ECONOMY
Owned:
Yes
2013-08-22 COMMENT Jason Donville

Good company and there has probably been an overreaction to a slightly disappointing quarter or something like that. Insiders are buying which is a good sign. 8.9% dividend yield.


Price:
$12.650
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Unknown
2013-04-03 BUY Jason Donville

(Market Call Minute.) Interesting company. Just did an acquisition of Exceed Mortgage Corp. the nice thing about it is that if you want dividend income, they have a yield of around 10%.


Price:
$14.800
Subject:
GROWTH STOCKS
Bias:
SELECTIVE
Owned:
Unknown
2013-01-08 COMMENT Jason Donville

Mortgage Investment Corporation (or a MIC) and to qualify, they have to pay out all their profits each year so they don’t retain any of their profits. You don’t get any growth in retained earnings. 7.9% yield is all you get. Really like buying a high-yield bond. He is shooting for more than 8% for his clients..


Price:
$14.250
Subject:
CANADIAN SMALL & FINANCIALS
Bias:
OPTIMISTIC
Owned:
No
2012-12-28 TOP PICK James Hodgins

Shorting Canadian housing with Home Capital Group (HCG-T,) and Genworth MI Canada (MIC-T). Is a little bit early but he has seen the housing bubble build and believes it has now peaked and is now on the downside. If right and Canadian housing prices fall 20%-30% over the next 2 years, then these companies are not going to just be at risk of earnings but also at risk of solvency.


Price:
$14.090
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BULLISH on PRECIOUS METALS
Owned:
Yes
2012-10-03 HOLD Jason Donville

Loan to values are quite conservative because of Canadian laws. There is headline risk. Stick with it but don't add to it. Prefers HCG-T


Price:
$13.700
Subject:
CANADIAN SMALL & FINANCIALS
Bias:
BULL on TECHNOLOGY
Owned:
No
2012-09-27 TOP PICK James Hodgins

(A SHORT) Primarily subprime mortgage lender almost solely focused on single-family housing. Looking at the housing market data starting with Vancouver and the Toronto condo market, which is now spreading into single-family market elsewhere, you are seeing sales down and listings up. Looks like Phoenix and Florida circa 2006 to him. You are going to start to see inventory build dramatically over the next 6 months and then you start to see prices really fall. Thinks there is 20%-30% downside.


Price:
$13.700
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEAR
Owned:
Yes
2011-07-18 BUY Charles Dillingham Has about $250 million of market cap but nobody covers it. About 68% payout ratio. Lends to people who do not qualify for their own private mortgages as well as host construction. Good spread of about 7%. Low payout ratio. Yield of well over 7% and give an extra bonus at the end of the year if they've done well.
Price:
$14.320
Subject:
REIT's
Bias:
BULLISH on REITs
Owned:
Yes
2011-07-15 COMMENT Benj Gallander A momentum play, near all time high. Not his kind of company though.
Price:
$14.490
Subject:
CONTRARIAN INVESTING
Bias:
SELECTIVELY OPTIMISTIC
Owned:
Unknown
2010-06-29 BUY Jason Donville Well run company. Bought a lot of mortgage portfolios last year and did very well, but will not quite as well this year. They are like an income trust in that they have to pay out 100% of their profits. Won’t get a huge growth in the company. Usually have a top-up dividend in the 4th quarter. Solid company.
Price:
$12.510
Subject:
CANADIAN SMALL & FINANCIALS
Bias:
SELECTIVE
Owned:
Unknown
Showing 1 to 15 of 17 entries
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