Canaccord Financial Inc | StockChase
92
Canaccord Financial Inc (CF-T)

Last Price Recorded: $7.2100 on 2018-06-20

ON STOCKCHASE SINCE Jun 2004

investment companies/funds
92
Canaccord Financial Inc (CF-T)

Last Price Recorded: $7.2100 on 2018-06-20

ON STOCKCHASE SINCE Jun 2004

investment companies/funds

Canaccord Financial Inc


Signal Opinion Expert
DON'T BUY

It has struggled. Investment banking last year drove this company; they also the rode and cannabis and blackchain wave. Not a cheap stock. Don't add here. They're in a tough world of small caps with limited capital. They've done
fantastically well with cannabis, so kudos for them.

investment companies/funds

It has struggled. Investment banking last year drove this company; they also the rode and cannabis and blackchain wave. Not a cheap stock. Don't add here. They're in a tough world of small caps with limited capital. They've done
fantastically well with cannabis, so kudos for them.

investment companies/funds
Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$6.360
Owned Owned
Unknown

WATCH

There is a bit of a rounded look on the three year chart.  Lately the highs are getting higher and the lows are getting higher.  It is a cup and handle formation.  This is the handle now.  You get noise at this point.  If it moves up from here then you have a pretty good looking chart.  It is in the beginning stages and could end up looking very good.

investment companies/funds

There is a bit of a rounded look on the three year chart.  Lately the highs are getting higher and the lows are getting higher.  It is a cup and handle formation.  This is the handle now.  You get noise at this point.  If it moves up from here then you have a pretty good looking chart.  It is in the beginning stages and could end up looking very good.

investment companies/funds
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$6.940
Owned Owned
Unknown

BUY

This stock is breaking out. We’ve seen these levels before, but not for a couple of years. This stock has been a spotty trader, in terms of volume. There was a good consolidation at $6.50 and it looks to be coming off of that. The volume on the recent upside swing looks good. It might rise to $8 or 9 over the next 6 months. It pays a very small dividend. In terms of fundamentals, it looks like a bargain right now. For example it looks good in terms of earnings and in terms of industry relative value. If it does fall, start reducing at $6.40 or $6.50 and use $5.85 for a full exit.

investment companies/funds

This stock is breaking out. We’ve seen these levels before, but not for a couple of years. This stock has been a spotty trader, in terms of volume. There was a good consolidation at $6.50 and it looks to be coming off of that. The volume on the recent upside swing looks good. It might rise to $8 or 9 over the next 6 months. It pays a very small dividend. In terms of fundamentals, it looks like a bargain right now. For example it looks good in terms of earnings and in terms of industry relative value. If it does fall, start reducing at $6.40 or $6.50 and use $5.85 for a full exit.

investment companies/funds
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$7.240
Owned Owned
Unknown

SPECULATIVE BUY

It looks from the chart like the stock is breaking out.  In 2011 and 2014 there were spikes.  He does not know what is causing the current one.  It is a speculative move and probably does not have a lot of longevity in it.

investment companies/funds

It looks from the chart like the stock is breaking out.  In 2011 and 2014 there were spikes.  He does not know what is causing the current one.  It is a speculative move and probably does not have a lot of longevity in it.

investment companies/funds
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$6.730
Owned Owned
Unknown

BUY
Canaccord Financial Inc(CF-T) 

February 20, 2018

They fill the space where Canadian banks aren't, for example they were in cannabis and blockchain before the banks. They've done a good job of getting into innovative spaces, though can be cyclical.

investment companies/funds

They fill the space where Canadian banks aren't, for example they were in cannabis and blockchain before the banks. They've done a good job of getting into innovative spaces, though can be cyclical.

investment companies/funds
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$6.260
Owned Owned
Unknown

DON'T BUY
Canaccord Financial Inc(CF-T) 

November 24, 2017

Banks are doing well, but unfortunately it is at the expense of the independent brokers in Canada. This is certainly cheap, but the Canadian broker space in general is challenged, because you have the banks on the investment side of things and are doing smaller and smaller things.

investment companies/funds

Banks are doing well, but unfortunately it is at the expense of the independent brokers in Canada. This is certainly cheap, but the Canadian broker space in general is challenged, because you have the banks on the investment side of things and are doing smaller and smaller things.

investment companies/funds
Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$4.670
Owned Owned
No

DON'T BUY
Canaccord Financial Inc(CF-T) 

November 23, 2017

Not doing very well. Chart shows it tried to recover this year, but didn’t quite make it, and it came back down. Looks like this is going to be trading in a narrow range of $4-$6 going forward. There are better things to do with your money.

investment companies/funds

Not doing very well. Chart shows it tried to recover this year, but didn’t quite make it, and it came back down. Looks like this is going to be trading in a narrow range of $4-$6 going forward. There are better things to do with your money.

investment companies/funds
William Chin

Portfolio , Caldwell Investment ...

Price Price
$4.630
Owned Owned
Unknown

PAST TOP PICK

(Top Pick July6/17, Down 15.23%)  It is up since he first recommended it in his newsletter.

investment companies/funds

(Top Pick July6/17, Down 15.23%)  It is up since he first recommended it in his newsletter.

investment companies/funds
Chris Damas

Editor, The BCMI Report...

Price Price
$4.700
Owned Owned
Yes

TOP PICK

They are a top underwriter for the cannabis industry.  They combined with Genuity and are now a full fledge multi-industry service investment firm.  Not too many people paid attention at their earnings announcement.  They are about to buy a UK wealth manager.  He expects over a $1 a share in earnings.  He has been buying more.  (Analysts’ target: $6.50).

investment companies/funds

They are a top underwriter for the cannabis industry.  They combined with Genuity and are now a full fledge multi-industry service investment firm.  Not too many people paid attention at their earnings announcement.  They are about to buy a UK wealth manager.  He expects over a $1 a share in earnings.  He has been buying more.  (Analysts’ target: $6.50).

investment companies/funds
Chris Damas

Editor, The BCMI Report...

Price Price
$5.580
Owned Owned
Yes

DON'T BUY

Not quite sure that being Long a Canadian brokerage would be the best place to be over the near term, particularly given that he is not that rosy about the Canadian economy in general. It is a very, very hyper competitive industry they are operating in, with margins being compressed from every direction. However, it is diversifying into other countries, the UK, which is an interesting contrarian play because of the BREXIT overhang. Trading below BV and also have considerable retail assets that would be worth something to a potential acquirer.

investment companies/funds

Not quite sure that being Long a Canadian brokerage would be the best place to be over the near term, particularly given that he is not that rosy about the Canadian economy in general. It is a very, very hyper competitive industry they are operating in, with margins being compressed from every direction. However, it is diversifying into other countries, the UK, which is an interesting contrarian play because of the BREXIT overhang. Trading below BV and also have considerable retail assets that would be worth something to a potential acquirer.

investment companies/funds
Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$5.420
Owned Owned
No

COMMENT

The major 4th retail operator currently listed. It has been through difficult times. The markets have been difficult. They lost their president. Has some very interesting properties in Australia and the US. Volumes have not been tremendous on the stock and IPO markets for the most part. Doesn’t see anything that is going to crank the handle in the near term. If you see something more exciting, then put the cash there. He sold his holdings.

investment companies/funds

The major 4th retail operator currently listed. It has been through difficult times. The markets have been difficult. They lost their president. Has some very interesting properties in Australia and the US. Volumes have not been tremendous on the stock and IPO markets for the most part. Doesn’t see anything that is going to crank the handle in the near term. If you see something more exciting, then put the cash there. He sold his holdings.

investment companies/funds
Michael Smedley

Exec VP & , Morgan Meighan & Ass...

Price Price
$4.580
Owned Owned
No

COMMENT

Preferred C. This will reset at the 5 year Canada rate, around 3.75%. Why is it at $18, instead of $25, which would normally be the issuance value? 5-6 years ago, the rage was Reset Preferreds because rates were low and if rates went up, there would be a higher yield when it reset. Instead of going up though, rates fell. Therefore at reset, at 3.75% over our Canada 5 year of about 80 basis points, it is going to be reset with a 4.5% yield. The risk doesn’t necessarily correspond with a 4.5% yield that you would get on other safer preferreds. The market doesn’t like that, so it is not going to pay you for value. As long as interest rates stay low, it is a great thing for the issuer because it is a cheap preferred. Unfortunately, it will trade at around $18 for a while.

investment companies/funds

Preferred C. This will reset at the 5 year Canada rate, around 3.75%. Why is it at $18, instead of $25, which would normally be the issuance value? 5-6 years ago, the rage was Reset Preferreds because rates were low and if rates went up, there would be a higher yield when it reset. Instead of going up though, rates fell. Therefore at reset, at 3.75% over our Canada 5 year of about 80 basis points, it is going to be reset with a 4.5% yield. The risk doesn’t necessarily correspond with a 4.5% yield that you would get on other safer preferreds. The market doesn’t like that, so it is not going to pay you for value. As long as interest rates stay low, it is a great thing for the issuer because it is a cheap preferred. Unfortunately, it will trade at around $18 for a while.

investment companies/funds
Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$4.540
Owned Owned
Unknown

DON'T BUY

Their season is from October into April. Chart shows a long downward drop from 2014 until early 2016, at which time it started basing. He doesn’t have a lot of faith that the stock will have an uptick at this point. Wait for that to take place, and come back to it in October.

investment companies/funds

Their season is from October into April. Chart shows a long downward drop from 2014 until early 2016, at which time it started basing. He doesn’t have a lot of faith that the stock will have an uptick at this point. Wait for that to take place, and come back to it in October.

investment companies/funds
Brooke Thackray

President, Jov Investment Manag...

Price Price
$4.720
Owned Owned
Unknown

WATCH

It is a rounded bottom.  This is a positive development. 

investment companies/funds

It is a rounded bottom.  This is a positive development. 

investment companies/funds
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$4.890
Owned Owned
Unknown

COMMENT

Will this benefit from an interest rate hike? The short answer is yes. Brokers do very well in a rising rate environment, or in an environment where there is a yield curve of any sort, because they can actually make money on cash balances that sit on their books. This has a reasonable US presence. The one issue he would caution you on, is that they have a very large UK business.

investment companies/funds

Will this benefit from an interest rate hike? The short answer is yes. Brokers do very well in a rising rate environment, or in an environment where there is a yield curve of any sort, because they can actually make money on cash balances that sit on their books. This has a reasonable US presence. The one issue he would caution you on, is that they have a very large UK business.

investment companies/funds
Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$5.200
Owned Owned
Unknown

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