Carfinco Financial Group | StockChase
51
Carfinco Financial Group (CFN-T (Dead))

Last Price Recorded: $11.2500 on 2015-03-17

ON STOCKCHASE SINCE Sep 2006

Provides consumer financing for vehicles.

Acquired by Santander

Financial Services

Carfinco Financial Group


Signal Opinion Expert

2014-11-28

SELL
Carfinco Financial Group (CFN-T (Dead))

Sold his holdings months ago when the deal first came out. (See Top Picks.)

Financial Services
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $11.170
Owned: No

2014-10-21

COMMENT
Carfinco Financial Group (CFN-T (Dead))

About 6 weeks ago, a large Spanish bank decided to get into the Canadian subprime business in terms of auto lending and made a cash offer of about $11.25. This is very good news for the non-banks in general. The stock peaked in Jan/Dec at around $12 and fell to the $8 level. Doesn’t think there will be another bid coming. If you own, he would tender your shares.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $11.200
Owned: No

2014-09-11

DON'T BUY
Carfinco Financial Group (CFN-T (Dead))

There is increasing competition in the sub-prime auto lending area and they did an acquisition that is taking time to digest.

Financial Services
Teal Linde

Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report

Price: $8.240
Owned: Unknown

2014-09-10

HOLD
Carfinco Financial Group (CFN-T (Dead))

Has always admired the job the management did in building up a pretty good business. When investing in smaller cap Canadian stocks, you have to be a little patient because they get into these funks. There are so many momentum guys investing in the market now and they start to see a stock start to fall off, even if there are good fundamentals, they may start to sell. He is just starting to look at this one. There is more competition coming in to their segment of the market.

Financial Services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $7.620
Owned: No

2014-06-20

DON'T BUY
Carfinco Financial Group (CFN-T (Dead))

Has a small Short on this, but is neutral on it. On this pullback he would not recommend a Short. Had a hiccup in the business, but overall it is a good company. Not super cheap, and they won’t have any momentum going in their loan book right now. There is more competition on the low end of their market, and that is kind of hurting them right now.

Financial Services
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $8.680
Owned: Yes

2014-06-19

BUY
Carfinco Financial Group (CFN-T (Dead))

Still likes this. Reasonably priced. Doesn’t think competition is a big issue. Stock has dropped because they did a financing, which effectively delevered them quite a bit. That affected their ROE, so now he is waiting for that capital to get soaked up. ROE seems to be troughing around the 20% level, which is where he wants it to stay. Expects this will start to lift as that capital gets employed. (See Top Picks.)

Financial Services
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $8.800
Owned: Yes

2014-06-18

COMMENT
Carfinco Financial Group (CFN-T (Dead))

Doesn’t think there is anything wrong with this company, but, for the longest time, they were the only player in the D (?) space within auto lending. They now have another competitor, whereas in the past, there wasn’t as much attention paid to customer care and customer service. Because of this, a lot of dealers, when offered a 2nd source, were very eager to do so. Still a lot of scope for both of them to grow their businesses.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $8.930
Owned: No

2014-05-27

SELL
Carfinco Financial Group (CFN-T (Dead))

The 1 year chart shows the uptrend broken in January. Not a great looking chart. If he owned, he would probably use the most recent rally as a way to get out.

Financial Services
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $9.020
Owned: No

2014-05-14

BUY on WEAKNESS
Carfinco Financial Group (CFN-T (Dead))

Automotives’ seasonality is from Feb into April or May, but it pulled off substantially this year.  Buy at last year’s low.

Financial Services
Brooke Thackray

President, Jov Investment Management

Price: $8.840
Owned: Unknown

2014-04-25

SELL
Carfinco Financial Group (CFN-T (Dead))

It is the shape of the Canadian consumer and how leveraged they already are.  If Canada is at the end of its credit cycle then you want to get out of this.  Would prefer a US regional bank for a credit cycle play.

Financial Services
Patrick Horan

Portfolio Manager, Agilith Capital Inc

Price: $8.900
Owned: Unknown

2014-04-21

WATCH
Carfinco Financial Group (CFN-T (Dead))

On the last conference call mention that they were seeing some increased competition. They lend to a subprime market in terms of auto lending. Have always executed very well. He would wait and see what the next quarter looks like before stepping back in. They do a good job of executing in their market space. It is back on his radar screen.

Financial Services
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $9.200
Owned: No

2014-04-16

COMMENT
Carfinco Financial Group (CFN-T (Dead))

Stock has dropped because quarterly results were a little bit disappointing. Also, management talked about competition in the space and it got investors’ attention.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $9.490
Owned: Yes

2014-03-18

BUY
Carfinco Financial Group (CFN-T (Dead))

Earnings are good, but the stock is kind of stalling out as if we are in a late cycle phenomena. Thinks you would see a good quarter out of them and things look good for next year. Would be very comfortable buying it here at around $11.

Financial Services
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $11.090
Owned: Yes

2013-12-24

BUY
Carfinco Financial Group (CFN-T (Dead))

Starting to move into the states in a way that makes him comfortable.  Good growth prospects in Canada for them.  Stay the course and he thinks it will continue to do well.  4% yield.  They are just starting to bite on assets in the States and work their way into the market.

Financial Services
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $12.140
Owned: Yes

2013-12-16

COMMENT
Carfinco Financial Group (CFN-T (Dead))

One of his largest holdings. Lenders to the lowest segments of the auto borrowing population. In the D class and they dominate the D class. Install devices in the cars, so if a borrower is behind in payments, they’ll make your horn honk for 20 seconds. If you are 30 or 60 days behind, your ignition won’t start. If they have to repossess, they have a GPS system for this. Dividend is very sustainable and they have a lot of potential to increase their dividends.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $11.930
Owned: Yes

Showing 1 to 15 of 51 entries
<< < 1 2 3 4 > >>
Post Comment

1 Comment

summerbeachman

February 7th 2013 at 10:58am

Been in this one since $7.16, take a look at the 6 month chart. 4.3% yield and keeps increasing the div. and pays a special div. end of the year. Well managed, experienced, has big banks backing it. Maybe a take out. Great ROE. Canadian vehicles are 11 years old on average so still lots of growth. Uses GPS system to disable vehicles if miss payment and don't heed warning. Steady Eddy.


You must be logged in to comment.