Terry Shaunessy
iShares S&P US Mid-Cap Index
XMC-T
PAST TOP PICK
Jul 05, 2017
(A Top Pick Dec 16/16. Up 2.64%.) A core position in his US allocations, both for families and institutional accounts. There tends to be a much more domestic focus on those companies in the US, as opposed to the S&P 500. Also, this has a better tilt towards their banking system.
Doesn't know the company that well, but if you get a slowdown in interest rate hikes, they should do okay. There is not a housing bubble in Canada like there is in the US. The company is well run and a potential takeover target.
Xceed Mortgage Company is a sub-prime mortgage company. The stock has done well this year. Their dividends have increased. It is a well run company. He paid $9-10.
Great company until rules of the game changed. Trying to reposition themselves into a company that funds itself from deposits and they're trying to get a deposit and banking license. This could take a long time. Fully valued.
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(A Top Pick Dec 16/16. Up 2.64%.) A core position in his US allocations, both for families and institutional accounts. There tends to be a much more domestic focus on those companies in the US, as opposed to the S&P 500. Also, this has a better tilt towards their banking system.