Carfinco Financial Group

CFN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about CFN-T

Signal
Opinion
Expert
SELL
SELL
November 28, 2014

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

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

COMMENT
COMMENT
October 21, 2014

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.

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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.

DON'T BUY
DON'T BUY
September 11, 2014

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

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

HOLD
HOLD
September 10, 2014

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.

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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.

DON'T BUY
DON'T BUY
June 20, 2014

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.

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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.

BUY
BUY
June 19, 2014

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.)

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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.)

COMMENT
COMMENT
June 18, 2014

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.

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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.

SELL
SELL
May 27, 2014

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.

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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.

BUY WEAKNESS
BUY WEAKNESS
May 14, 2014

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

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

SELL
SELL
April 25, 2014

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.

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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.

WATCH
WATCH
April 21, 2014

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.

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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.

COMMENT
COMMENT
April 16, 2014

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

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

BUY
BUY
March 18, 2014

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.

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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.

BUY
BUY
December 24, 2013

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.

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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.

COMMENT
COMMENT
December 16, 2013

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.

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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.

Showing 1 to 15 of 51 entries

Carfinco Financial Group(CFN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Carfinco Financial Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Carfinco Financial Group(CFN-T) Frequently Asked Questions

What is Carfinco Financial Group stock symbol?

Carfinco Financial Group is a OTC stock, trading under the symbol CFN-T on the (). It is usually referred to as or CFN-T

Is Carfinco Financial Group a buy or a sell?

In the last year, there was no coverage of Carfinco Financial Group published on Stockchase.

Is Carfinco Financial Group a good investment or a top pick?

Carfinco Financial Group was recommended as a Top Pick by Jason Donville on 2014-11-28. Read the latest stock experts ratings for Carfinco Financial Group.

Why is Carfinco Financial Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Carfinco Financial Group worth watching?

0 stock analysts on Stockchase covered Carfinco Financial Group In the last year. It is a trending stock that is worth watching.

What is Carfinco Financial Group stock price?

On , Carfinco Financial Group (CFN-T) stock closed at a price of $.