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First National Financial Stock Symbol: FN-T

Last Price Recorded: $26.8900 on 2017-10-20

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Date Signal Expert Opinion Price
2017-05-26 PAST TOP PICK Michael Smedley

(A Top Pick April 28/16. Down 1%.) At a higher level than Home Capital (HCG-T), but on a par with Bank of Nova Scotia (BNS-T), which is at the top of the pile. The latest quarter was a tiny bit mixed, but that is probably your opportunity to Buy.


Price:
$25.160
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-05-09 COMMENT Lyle Stein

This is a different mortgage player. They basically raise their own money and put that into mortgages. They service mortgages, as opposed to using capital as an intermediary to earn a spread. This has been a well-run company. Their software is 2nd to none. It got caught in the downdraft.


Price:
$25.190
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-03 COMMENT Keith Richards

$25 was an old point of resistance. Old resistance becomes new support, and this chart shows it. There is a possibility of this moving up, especially if there is good fundamental news such as a takeover. You might see this rise into the $28 area.


Price:
$25.340
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-03-20 COMMENT Lyle Stein

One of the alternative lenders. A great earnings story and a stable company. The fears regarding real estate is what caused the draft down in the stock price, in the latter half of 2016. However, as a dividend generator, it is a pretty stable business. A very tightly controlled company which he likes. Their software is 2nd to none. This is the kind of name you can own and feel comfortable doing so.


Price:
$26.950
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2016-10-12 DON'T BUY Christine Poole

A non-traditional, mortgage only bank.  Mortgage rule changes last week have caused a pullback.  No one knows for sure what the impact of the rule changes will be.  She would stay with the big six banks rather than this group.  6.8% yield.


Price:
$25.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-06-09 BUY Michael Smedley

(Market Call Minute) This is the highest grade of mortgage, non-bank companies in the land.  It ranks up there with BNS-T.


Price:
$31.390
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
Unknown
2016-04-28 TOP PICK Michael Smedley

He hopes there will be a cheaper entry point.  The company is brilliant because they are the top of their class in mortgage broking.  They are above all the other banks.  TD-T sends them their external mortgage broking business.


Price:
$27.150
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-05-15 DON'T BUY Mike MacBain

Are the preferreds a good long term investment? They are in the mortgage origination financing business.  It has a speculative triple ‘B’ rating.  There is a possibility that the company does not do well.  Thinks it will not get called.  5.5% yield.  The return on the equity is 7%.


Price:
$21.730
Subject:
FIXED INCOME
Bias:
BEARISH on INTEREST RATES
Owned:
Unknown
2014-03-18 BUY Jason Donville

Stock has performed well and it is very well managed. Would be comfortable adding to your position right now. Very nice dividend. They are set up for a good year coming up.


Price:
$24.790
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
No
2014-02-14 COMMENT Michael Simpson, CFA

In the business of originating and then later bundling and selling mortgages, mostly to some of the larger Canadian banks. With his views on the Canadian consumer, where housing is and slowing mortgage growth, he thinks this company’s business will slow. Would prefer places where you get higher growth in financial services.


Price:
$22.790
Subject:
NORTH AMERICAN - LARGE - DIVIDEND
Bias:
OPTIMISTIC
Owned:
No
2013-12-24 BUY Jason Donville

(Market Call Minute) Always screens well.  Has HCG but would have no trouble switching.


Price:
$21.770
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVELY BULLISH
Owned:
No
2013-11-22 DON'T BUY Joey Mack

Are the preferreds a good choice? It is about 7%. Also has a great discount at about $17. With a reset in early 2016. This is a P3 preferred, not in investment grade territory. Because it is trading at such a discount, there is upside potential. Come 2016, this is not going to be Called, but is going to be Reset. This is why it trades where does. Also, we are getting to the tax loss selling season and a lot of these names that have been down tend to take it on the chin going into December. Not an income play he would look at.


Price:
$23.500
Subject:
FIXED INCOME
Bias:
CAUTIOUS
Owned:
No
2013-11-05 WATCH Keith Richards

Chart looks beautiful. Shows a long base running from late 2011 with a breakout occurring later this year. This kind of strong breakout is going to have to pull back. On any kind of a reasonable pull back, when the momentum oscillators become oversold, he would be all over this.


Price:
$22.280
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on SMALL CAPS
Owned:
No
2013-09-30 COMMENT Randy LeClair

Rate Reset Preferred? This is not a big issuer in Canada. Has been hit by the overall “perfect storm” that we went through in the summer. (See comments in Past Top Picks.) Even though the credit may be stable, it is not easily tradable within a larger portfolio so he doesn’t own. If you’re happy with the yield you are getting and it is a longer-term hold, you could hold this. If you are looking to trade in and out, you might be better with something else.


Price:
$18.910
Subject:
FIXED INCOME
Bias:
UNKNOWN
Owned:
No
2013-08-23 DON'T BUY Keith Richards

On the very long-term, there has been some sort of a lid at around $19. We are right near the top of the basic trading band. He would be a little bit cautious.


Price:
$18.600
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
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