Michael SmedleyFirst National FinancialFN.TOTOP PICKApr 28, 2016

Good company, but dividend too high. Mature company. Better growth companies out there. Well run, and stable business. Lots of mortgage exposure but overall a good business. 

We will mark questions 'private' if a similar question has already been posted or if there are too many symbols within one question. FN EPS of 72c beat estimates of 67c. Revenue of $503M was nicely ahead of estimates and rose 21%. Total assets rose 5% to ~$46B. The company expects lower mortgage orginations as recent rate hikes continue to impact demand. The stock is very cheap, with a good dividend, and should do better as interest rates ease. We would consider it a buy for income investors, and it is one of our favourites within the mortgage sector. 
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Follows it. Well-managed with a decent yield. Very conservative managers. But what happens when the two big shareholders retire or move on? Hold on.

Buy on the dip or wait? They were seriously looking at this stock, but never bought it. A descending triangle, technically you want to buy on the breakout, and it just recently broke out. So long as its hold above $27-26 it's probably a buy. 6% yield.

(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.

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 2^nd to none. It got caught in the downdraft.

$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.

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 2^nd to none. This is the kind of name you can own and feel comfortable doing so.

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.

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