Stockchase Opinions

Peter Hodson Xceed Mortgage Corp. XMC-T TOP PICK Mar 09, 2006

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.
$10.000

Stock price when the opinion was issued

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COMMENT
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.
PAST TOP PICK
(A Top Pick Mar 9/06. Down 33.5%.) Missed a quarter about 9 months ago. Sold his holdings.
DON'T BUY
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.