First National Financial | StockChase
31
First National Financial (FN-T)

Last Price Recorded: $27.9200 on 2017-12-13

ON STOCKCHASE SINCE Jul 2006

Financial Services
31
First National Financial (FN-T)

Last Price Recorded: $27.9200 on 2017-12-13

ON STOCKCHASE SINCE Jul 2006

Financial Services

First National Financial


Signal Opinion Expert
BUY

Buy on the dip or wait?  They were seriously looking at this stock, but never bought it. A descending triangle, technically you want to buy on the breakout, and it just recently broke out. So long as its hold above $27-26 it's probably a buy. 6% yield.

Financial Services

Buy on the dip or wait?  They were seriously looking at this stock, but never bought it. A descending triangle, technically you want to buy on the breakout, and it just recently broke out. So long as its hold above $27-26 it's probably a buy. 6% yield.

Financial Services
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$28.810
Owned Owned
No

PAST TOP PICK

(A Top Pick April 28/16. Down 1%.) At a higher level than Home Capital (HCG-T), but on a par with Bank of Nova Scotia (BNS-T), which is at the top of the pile. The latest quarter was a tiny bit mixed, but that is probably your opportunity to Buy.

Financial Services

(A Top Pick April 28/16. Down 1%.) At a higher level than Home Capital (HCG-T), but on a par with Bank of Nova Scotia (BNS-T), which is at the top of the pile. The latest quarter was a tiny bit mixed, but that is probably your opportunity to Buy.

Financial Services
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$25.160
Owned Owned
Yes

COMMENT

This is a different mortgage player. They basically raise their own money and put that into mortgages. They service mortgages, as opposed to using capital as an intermediary to earn a spread. This has been a well-run company. Their software is 2nd to none. It got caught in the downdraft.

Financial Services

This is a different mortgage player. They basically raise their own money and put that into mortgages. They service mortgages, as opposed to using capital as an intermediary to earn a spread. This has been a well-run company. Their software is 2nd to none. It got caught in the downdraft.

Financial Services
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$25.190
Owned Owned
Unknown

COMMENT

$25 was an old point of resistance. Old resistance becomes new support, and this chart shows it. There is a possibility of this moving up, especially if there is good fundamental news such as a takeover. You might see this rise into the $28 area.

Financial Services

$25 was an old point of resistance. Old resistance becomes new support, and this chart shows it. There is a possibility of this moving up, especially if there is good fundamental news such as a takeover. You might see this rise into the $28 area.

Financial Services
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$25.340
Owned Owned
Unknown

COMMENT

One of the alternative lenders. A great earnings story and a stable company. The fears regarding real estate is what caused the draft down in the stock price, in the latter half of 2016. However, as a dividend generator, it is a pretty stable business. A very tightly controlled company which he likes. Their software is 2nd to none. This is the kind of name you can own and feel comfortable doing so.

Financial Services

One of the alternative lenders. A great earnings story and a stable company. The fears regarding real estate is what caused the draft down in the stock price, in the latter half of 2016. However, as a dividend generator, it is a pretty stable business. A very tightly controlled company which he likes. Their software is 2nd to none. This is the kind of name you can own and feel comfortable doing so.

Financial Services
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$26.950
Owned Owned
Yes

DON'T BUY

A non-traditional, mortgage only bank.  Mortgage rule changes last week have caused a pullback.  No one knows for sure what the impact of the rule changes will be.  She would stay with the big six banks rather than this group.  6.8% yield.

Financial Services

A non-traditional, mortgage only bank.  Mortgage rule changes last week have caused a pullback.  No one knows for sure what the impact of the rule changes will be.  She would stay with the big six banks rather than this group.  6.8% yield.

Financial Services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$25.270
Owned Owned
Unknown

BUY

(Market Call Minute) This is the highest grade of mortgage, non-bank companies in the land.  It ranks up there with BNS-T.

Financial Services

(Market Call Minute) This is the highest grade of mortgage, non-bank companies in the land.  It ranks up there with BNS-T.

Financial Services
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$31.390
Owned Owned
Unknown

TOP PICK

He hopes there will be a cheaper entry point.  The company is brilliant because they are the top of their class in mortgage broking.  They are above all the other banks.  TD-T sends them their external mortgage broking business.

Financial Services

He hopes there will be a cheaper entry point.  The company is brilliant because they are the top of their class in mortgage broking.  They are above all the other banks.  TD-T sends them their external mortgage broking business.

Financial Services
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$27.150
Owned Owned
Yes

DON'T BUY

Are the preferreds a good long term investment? They are in the mortgage origination financing business.  It has a speculative triple ‘B’ rating.  There is a possibility that the company does not do well.  Thinks it will not get called.  5.5% yield.  The return on the equity is 7%.

Financial Services

Are the preferreds a good long term investment? They are in the mortgage origination financing business.  It has a speculative triple ‘B’ rating.  There is a possibility that the company does not do well.  Thinks it will not get called.  5.5% yield.  The return on the equity is 7%.

Financial Services
Mike MacBain

Founding Partner, East Coast Funds Man...

PricePrice
$21.730
Owned Owned
Unknown

BUY

Stock has performed well and it is very well managed. Would be comfortable adding to your position right now. Very nice dividend. They are set up for a good year coming up.

Financial Services

Stock has performed well and it is very well managed. Would be comfortable adding to your position right now. Very nice dividend. They are set up for a good year coming up.

Financial Services
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$24.790
Owned Owned
No

COMMENT
First National Financial(FN-T) 

February 14, 2014

In the business of originating and then later bundling and selling mortgages, mostly to some of the larger Canadian banks. With his views on the Canadian consumer, where housing is and slowing mortgage growth, he thinks this company’s business will slow. Would prefer places where you get higher growth in financial services.

Financial Services

In the business of originating and then later bundling and selling mortgages, mostly to some of the larger Canadian banks. With his views on the Canadian consumer, where housing is and slowing mortgage growth, he thinks this company’s business will slow. Would prefer places where you get higher growth in financial services.

Financial Services
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$22.790
Owned Owned
No

BUY
First National Financial(FN-T) 

December 24, 2013

(Market Call Minute) Always screens well.  Has HCG but would have no trouble switching.

Financial Services

(Market Call Minute) Always screens well.  Has HCG but would have no trouble switching.

Financial Services
Jason Donville

President & CEO, Donville Kent Asset ...

PricePrice
$21.770
Owned Owned
No

DON'T BUY
First National Financial(FN-T) 

November 22, 2013

Are the preferreds a good choice? It is about 7%. Also has a great discount at about $17. With a reset in early 2016. This is a P3 preferred, not in investment grade territory. Because it is trading at such a discount, there is upside potential. Come 2016, this is not going to be Called, but is going to be Reset. This is why it trades where does. Also, we are getting to the tax loss selling season and a lot of these names that have been down tend to take it on the chin going into December. Not an income play he would look at.

Financial Services

Are the preferreds a good choice? It is about 7%. Also has a great discount at about $17. With a reset in early 2016. This is a P3 preferred, not in investment grade territory. Because it is trading at such a discount, there is upside potential. Come 2016, this is not going to be Called, but is going to be Reset. This is why it trades where does. Also, we are getting to the tax loss selling season and a lot of these names that have been down tend to take it on the chin going into December. Not an income play he would look at.

Financial Services
Joey Mack

Director, Fixed Income, ScotiaCapital...

PricePrice
$23.500
Owned Owned
No

WATCH

Chart looks beautiful. Shows a long base running from late 2011 with a breakout occurring later this year. This kind of strong breakout is going to have to pull back. On any kind of a reasonable pull back, when the momentum oscillators become oversold, he would be all over this.

Financial Services

Chart looks beautiful. Shows a long base running from late 2011 with a breakout occurring later this year. This kind of strong breakout is going to have to pull back. On any kind of a reasonable pull back, when the momentum oscillators become oversold, he would be all over this.

Financial Services
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$22.280
Owned Owned
No

COMMENT
First National Financial(FN-T) 

September 30, 2013

Rate Reset Preferred? This is not a big issuer in Canada. Has been hit by the overall “perfect storm” that we went through in the summer. (See comments in Past Top Picks.) Even though the credit may be stable, it is not easily tradable within a larger portfolio so he doesn’t own. If you’re happy with the yield you are getting and it is a longer-term hold, you could hold this. If you are looking to trade in and out, you might be better with something else.

Financial Services

Rate Reset Preferred? This is not a big issuer in Canada. Has been hit by the overall “perfect storm” that we went through in the summer. (See comments in Past Top Picks.) Even though the credit may be stable, it is not easily tradable within a larger portfolio so he doesn’t own. If you’re happy with the yield you are getting and it is a longer-term hold, you could hold this. If you are looking to trade in and out, you might be better with something else.

Financial Services
Randy LeClair

Chief Investment Officer & Portfolio Manager, Portland Investment ...

PricePrice
$18.910
Owned Owned
No

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