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Daily Stock Opinions and Ratings
Stockchase Opinions

Michael SprungKingsway Financial ServicesKFS.TOBUYAug 14, 2008

Recently been buying more. Stock was oversold and is selling at half of BV. Historically have been this low in the past but moved up to be selling at 1.5X BV. US subsidiary Lincoln caused most of their grief and hopefully this is now over. Core underlying earnings of roughly $.40 a quarter but with write-downs this year will be flat. Expecting earnings to be well in excess of $1 maybe $1.50 next year and going forward.
Michael SprungMichael Sprung
Owned
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$8.42

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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Kingsway Financial Services(KFS.TO)

Aug 12, 2019
$3 is going to act as resistance. He would not average down or up until we get above $3.
Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSIUnlock Rating
N/A

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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COMMENT

Kingsway Financial Services(KFS.TO)

Aug 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.

Photo of Hap (Robert) Sneddon FCSIHap (Robert) Sneddon FCSIUnlock Rating
$4.13

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

May 31, 2011
He decided there were so many problems there that he would not go near them.
Photo of Benj GallanderBenj Gallander
No
Unlock Rating
$0.99

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Mar 02, 2011
Used to follow them closely. Found the company too confusing. Took it off the watch list a year ago.
Photo of Benj GallanderBenj Gallander
No
Unlock Rating
$1.04

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Nov 11, 2010
Fascinating company but too convoluted for him.
Photo of Benj GallanderBenj Gallander
No
Unlock Rating
$1.40

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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COMMENT

Kingsway Financial Services(KFS.TO)

May 13, 2010
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.
Photo of Benj GallanderBenj Gallander
No
Unlock Rating
$2.05

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Feb 24, 2010
Doesn’t like it. They sold off best of business to pay for losses somewhere else.
Photo of Jason DonvilleJason DonvilleUnlock Rating
$1.72

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Feb 16, 2010
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.
Photo of Ara NalbandianAra Nalbandian
No
Unlock Rating
$1.67

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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RISKY

Kingsway Financial Services(KFS.TO)

Feb 09, 2010
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.
Photo of Benj GallanderBenj GallanderUnlock Rating
$1.69

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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SELL

Kingsway Financial Services(KFS.TO)

Jan 22, 2010
He is shorting the stock, betting that it will go lower. Levered with dubious quality assets.
Photo of Jason DonvilleJason Donville
Owned
Unlock Rating
$1.52

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Dec 03, 2009
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.
Photo of Jason DonvilleJason Donville
No
Unlock Rating
$1.52

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Nov 27, 2009
Made a lot of acquisitions, which had a lot of hidden liabilities. There is a strong possibility the company will not survive.
Photo of Michael SprungMichael SprungUnlock Rating
$1.50

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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PARTIAL BUY

Kingsway Financial Services(KFS.TO)

Oct 16, 2009
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.
Photo of Jason DonvilleJason DonvilleUnlock Rating
$4.32

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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DON'T BUY

Kingsway Financial Services(KFS.TO)

Aug 07, 2009
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.
Photo of Benj GallanderBenj Gallander
No
Unlock Rating
$3.48

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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HOLD

Kingsway Financial Services(KFS.TO)

May 01, 2009
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.
Photo of Benj GallanderBenj Gallander
No
Unlock Rating
$2.72

Stock price when the opinion was issued

$2.75

As of Dec 20, 2018. Market Open.

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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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