Wonderfully managed company. Cutting edge of 21st century financing. Specializes in bridge loans and other capital investments that local bankers don't do. Well diversified. Good long-term hold.
Has recently sold because he thinks the rate of growth will come down. They've started focusing on real-estate, and he thinks that next year they will start having to pay taxes. Rising interest rates is good for Quest.
Is a very good stock for RRSP's and you want something solid.
Merchant banking. He’s been liquidating his position over the last few months as they are moving into the real estate sector, which has reduced their earnings. Superbly managed. If you want 10% earnings with a 3% dividend, it's a good stock.
Over the last few years they have kind of been a merchant bank/lender by bridging loans to mining and resource companies. Have been turned down trying to get a banking/trust license so they are still try to figure out where they're going. Cheap but hard to see a strategy going forward.
Challenge is the space they are in. Had a good run because of the sale of the company to Sprot. This is speculative. With the Sprot name on it some good things will come.
Was a non-traditional, sub-prime lender but have a new president and is now under the Sprott wing so expecting it will be very entrepreneurial and should do well. He needs to see a bit more before he would Buy.
Recently tied up with Sprott Assets so stock moved up quite nicely but earnings have still not materialized out of the business plan so it is still a resource lender that will try to find its way going forward.
Company has increased share price since recommendation. However room left to grow. Mine continues to grow. Believes upside still left in the stock.