MCAN Mortgage Corp | StockChase
18
MCAN Mortgage Corp (MKP-T)

Last Price Recorded: $17.3300 on 2017-11-17

ON STOCKCHASE SINCE Oct 2009

finance/leasing

MCAN Mortgage Corp


Signal Opinion Expert

2016-12-22

COMMENT
MCAN Mortgage Corp (MKP-T)

Basically paying out all of its income as dividend, so you are not going to get growth, just dividend. Thinks the dividend is relatively safe as long as the Canadian housing market holds up. If you like growth in the sector, he likes Equity Financial (EQI-T). Their lending book growth was something like 178% last quarter.

finance/leasing
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $14.400
Owned: Unknown

2014-12-29

SELL ON STRENGTH
MCAN Mortgage Corp (MKP-T)

With Mortgage companies, you should receive a safer income stream as interest rates rise.  It is a yield-only vehicle.  If the stock moves up, trim down.

finance/leasing
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $14.240
Owned: Unknown

2014-12-22

COMMENT
MCAN Mortgage Corp (MKP-T)

Has a small short position as part of a basket that is against his biggest Long Equity Financial Holdings (EQI-T) (?) in that sector. He is short this because it is one of the few publicly traded mortgage companies originators that has some pretty significant Western Canadian exposure, which will act as a bit of a headwind. Trading at close to 2X BV, whereas the company that he likes better is trading below its BV. 7.8% dividend yield is safe as long as the real estate market in Canada holds up and interest rates stay low. At some point we are going to see residential real estate in Canada roll over, and certainly in areas that are going to be hit by the decline in energy.

finance/leasing
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $14.400
Owned: Yes

2014-01-15

COMMENT
MCAN Mortgage Corp (MKP-T)

Mortgage investment company. When he got concerned as to where interest rates were going, he moved out of this. Longer-term it is a great vehicle for yield but there is probably not a lot of growth. As rates ratchet up or ratchet down, their yields will move up and down.

finance/leasing
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $13.190
Owned: No

2013-12-27

PAST TOP PICK
MCAN Mortgage Corp (MKP-T)

(A Top Pick Dec 28/12. Down 1.56%.) 3 Shorts. He is now layering this trade back on now because the spike in rates in May through August pulled forward demand in the housing market.

finance/leasing
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $12.900
Owned: Yes

2013-10-18

BUY
MCAN Mortgage Corp (MKP-T)

Pay out all their profitability every year.  Stock had a little bit of a sell off but it was not anything significant.  A timely buy.

finance/leasing
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $12.410
Owned: Unknown

2013-09-30

PAST TOP PICK
MCAN Mortgage Corp (MKP-T)

(Top Pick Sept 27/12, Up 1.24%)  SHORT.  He was early in his call.  We saw re-accelerating sales over the last three months.  He saw some increase in their loan write-offs in the last few months.

finance/leasing
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $12.400
Owned: Yes

2013-08-22

COMMENT
MCAN Mortgage Corp (MKP-T)

Good company and there has probably been an overreaction to a slightly disappointing quarter or something like that. Insiders are buying which is a good sign. 8.9% dividend yield.

finance/leasing
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $12.650
Owned: Unknown

2013-04-03

BUY
MCAN Mortgage Corp (MKP-T)

(Market Call Minute.) Interesting company. Just did an acquisition of Exceed Mortgage Corp. the nice thing about it is that if you want dividend income, they have a yield of around 10%.

finance/leasing
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $14.800
Owned: Unknown

2013-01-08

COMMENT
MCAN Mortgage Corp (MKP-T)

Mortgage Investment Corporation (or a MIC) and to qualify, they have to pay out all their profits each year so they don’t retain any of their profits. You don’t get any growth in retained earnings. 7.9% yield is all you get. Really like buying a high-yield bond. He is shooting for more than 8% for his clients..

finance/leasing
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $14.250
Owned: No

2012-12-28

TOP PICK
MCAN Mortgage Corp (MKP-T)

Shorting Canadian housing with Home Capital Group (HCG-T,) and Genworth MI Canada (MIC-T). Is a little bit early but he has seen the housing bubble build and believes it has now peaked and is now on the downside. If right and Canadian housing prices fall 20%-30% over the next 2 years, then these companies are not going to just be at risk of earnings but also at risk of solvency.

finance/leasing
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $14.090
Owned: Yes

2012-10-03

HOLD
MCAN Mortgage Corp (MKP-T)

Loan to values are quite conservative because of Canadian laws. There is headline risk. Stick with it but don't add to it. Prefers HCG-T

finance/leasing
Jason Donville

President & CEO, Donville Kent Asset Management

Price: $13.700
Owned: No

2012-09-27

TOP PICK
MCAN Mortgage Corp (MKP-T)

(A SHORT) Primarily subprime mortgage lender almost solely focused on single-family housing. Looking at the housing market data starting with Vancouver and the Toronto condo market, which is now spreading into single-family market elsewhere, you are seeing sales down and listings up. Looks like Phoenix and Florida circa 2006 to him. You are going to start to see inventory build dramatically over the next 6 months and then you start to see prices really fall. Thinks there is 20%-30% downside.

finance/leasing
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $13.700
Owned: Yes

2011-07-18

BUY
MCAN Mortgage Corp (MKP-T)
Has about $250 million of market cap but nobody covers it. About 68% payout ratio. Lends to people who do not qualify for their own private mortgages as well as host construction. Good spread of about 7%. Low payout ratio. Yield of well over 7% and give an extra bonus at the end of the year if they've done well.
finance/leasing
Charles Dillingham

Vice President and Portfolio Manager, Morguard Financial

Price: $14.320
Owned: Yes

2011-07-15

COMMENT
MCAN Mortgage Corp (MKP-T)
A momentum play, near all time high. Not his kind of company though.
finance/leasing
Benj Gallander

President, Contra the Heard Investment Letter

Price: $14.490
Owned: Unknown

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