Stockchase Opinions

Hap (Robert) Sneddon FCSI Kingsway Financial Services KFS-T WATCH Aug 12, 2019

$3 is going to act as resistance. He would not average down or up until we get above $3.
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Stock price when the opinion was issued

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SELL
He is shorting the stock, betting that it will go lower. Levered with dubious quality assets.
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.
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.
DON'T BUY
Doesn’t like it. They sold off best of business to pay for losses somewhere else.
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
Fascinating company but too convoluted for him.
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
He decided there were so many problems there that he would not go near them.
COMMENT

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.