Brooke Thackray
iShares S&P US Mid-Cap Index
XMC-T
BUY
Dec 05, 2024
When you buy these, you're saying you want less emphasis on the Mag 7 and more on the other companies. You're saying mid-cap stocks are going to do better. At this point, he'd say the mid-cap sector is preferred. He's bullish on small caps in the shorter term, and mid-caps also benefit in that environment.
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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When you buy these, you're saying you want less emphasis on the Mag 7 and more on the other companies. You're saying mid-cap stocks are going to do better. At this point, he'd say the mid-cap sector is preferred. He's bullish on small caps in the shorter term, and mid-caps also benefit in that environment.