TSE:SCB

Street Capital Group Inc (SCB.TO)

0.68
-0.00 (0.00%)
as of Oct 22, 2019, 8:00:00 pm Market Open.
12 watching
0
TOP PICK

They own Street Capital which is grown from zero to #3 in Canada in the mortgage brokerage channel. The people running it are the best in the business. Have gone from $0 to about $14 billion in mortgages in about 5-6 years. Earnings are about to explode because, when you originate the mortgage, you have to share the fee with other people but when you renew or refinance, they get to keep all the fees. Starting about now, for the next several years, there with the continued growth but also refinancing fees that are much richer than the original ones. $2.70 is very possible in 12 months.

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