Terry ShaunessyiShares S&P US Mid-Cap IndexXMC.TOTOP PICKDec 09, 2020
He likes US midcaps. There are 400 holdings, value-oriented in fincials, It's more cyclical and non-tech. Small-caps still risk going out of busienss, while midcaps are in the teenage phase and will likely survive and are less risky.
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.
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.
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.