Carfinco Financial Group (CFN-T) Stock Predictions - Stockchase
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Carfinco Financial Group (CFN-T)

ON STOCKCHASE SINCE Sep 2006

Provides consumer financing for vehicles.

Acquired by Santander

Financial Services

Carfinco Financial Group

CFN-T

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Carfinco Financial Group (CFN-T) SAVE Dec, 31, 1969, 7:00 pm

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What the experts are saying about CFN-T



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Signal Opinion Expert
SELL

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.)

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Jason Donville

President , Donville Kent Asset ...

Price Price
$11.170
Owned Owned
No

COMMENT

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.

Financial Services
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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$11.200
Owned Owned
No

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

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.

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Teal Linde

Portfolio , Linde Equity Report...

Price Price
$8.240
Owned Owned
Unknown

HOLD
Carfinco Financial Group(CFN-T) 

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.

Financial Services
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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$7.620
Owned Owned
No

DON'T BUY

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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$8.680
Owned Owned
Yes

BUY

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
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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.)

Financial Services
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Jason Donville

President , Donville Kent Asset ...

Price Price
$8.800
Owned Owned
Yes

COMMENT

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.

Financial Services
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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$8.930
Owned Owned
No

SELL

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.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$9.020
Owned Owned
No

BUY on WEAKNESS

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.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$8.840
Owned Owned
Unknown

SELL

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.

Financial Services
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Patrick Horan

Portfolio , Agilith Capital Inc...

Price Price
$8.900
Owned Owned
Unknown

WATCH

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
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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.

Financial Services
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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$9.200
Owned Owned
No

COMMENT

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
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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.

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Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$9.490
Owned Owned
Yes

BUY

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.

Financial Services
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Jason Donville

President , Donville Kent Asset ...

Price Price
$11.090
Owned Owned
Yes

BUY

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
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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.

Financial Services
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Jason Donville

President , Donville Kent Asset ...

Price Price
$12.140
Owned Owned
Yes

COMMENT

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
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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.

Financial Services
0 0 0 0 0
0 comments
Jerome Hass

Portfolio , Lightwater Partners...

Price Price
$11.930
Owned Owned
Yes

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