Stockchase Opinions

Hap (Robert) Sneddon FCSIKingsway Financial ServicesKFS.TOCOMMENTAug 13, 2018

The $4 level is significant. It'll be a fight to rise to $4. Yes, their insider buying is a good sign, but expect volatility here. To average in, look at the $2.63 level.

$4.13

Stock price when the opinion was issued

insurance
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

WATCH
$3 is going to act as resistance. He would not average down or up until we get above $3.
DON'T BUY
He decided there were so many problems there that he would not go near them.
DON'T BUY
Used to follow them closely. Found the company too confusing. Took it off the watch list a year ago.
DON'T BUY
Fascinating company but too convoluted for him.
COMMENT
Turned a US company over to charity but regulators took them to court. Won but it is now being appealed. If they win it will be great for them. Has looked at this for a couple of years but hasn't liked what management was saying. New management is coming in. Could go bankrupt or become a 5-10 bagger.
DON'T BUY
Doesn’t like it. They sold off best of business to pay for losses somewhere else.
DON'T BUY
Even in the best of ties it has had quite a few challenges. The risk reward is negative. Doesn’t see a positive catalyst and risk of stock going to zero or near zero.
RISKY
This is a good choice. Company had tremendous difficulties. It’s on his watch list – it could return to form and be a 15 bagger. It could go bankrupt.
SELL
He is shorting the stock, betting that it will go lower. Levered with dubious quality assets.
DON'T BUY
Certain times in investing when you have no clue as to what is behind the veil. Wouldn't touch this one. Playing right into the hands of EGI Financial (EFH-T), which is a fantastic little insurance company that you could consider.
DON'T BUY
Made a lot of acquisitions, which had a lot of hidden liabilities. There is a strong possibility the company will not survive.
PARTIAL BUY
There's a lot of good things going on here however you don't want to make a big bet until you have seen a couple of confirming quarters. Buy a little position now and increase your holdings on good quarters.
DON'T BUY
Still going through a transition. The cut in dividends should allow them to pay down debt. Will still have write-offs going forward. Tremendous upside potential but he would rather see another quarter or two.
HOLD
This is a company that has had difficulties in the past and has managed to recover. He is kicking the tires on them. This could be a 3-4 bagger. Would want to see some quarters before putting any money down on it. There were a lot of disgruntled shareholders at AGM.