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Showing 1 to 15 of 19 entries
DON'T BUY
It has a fairly high dividend payout ratio. It has been around a long time and has been successful in growing its loan book. He would prefer others, however, such as HCG-T.
finance / leasing
COMMENT

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
SELL ON STRENGTH

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
COMMENT

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
COMMENT

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
PAST TOP PICK

(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
BUY

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
PAST TOP PICK

(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
COMMENT

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
BUY

(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
COMMENT

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
TOP PICK

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
HOLD

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
TOP PICK

(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
BUY
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
Showing 1 to 15 of 19 entries

MCAN Mortgage Corp(MKP-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for MCAN Mortgage Corp 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.

MCAN Mortgage Corp(MKP-T) Frequently Asked Questions

What is MCAN Mortgage Corp stock symbol?

MCAN Mortgage Corp is a Canadian stock, trading under the symbol MKP-T on the Toronto Stock Exchange (MKP-CT). It is usually referred to as TSX:MKP or MKP-T

Is MCAN Mortgage Corp a buy or a sell?

In the last year, 1 stock analyst published opinions about MKP-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MCAN Mortgage Corp.

Is MCAN Mortgage Corp a good investment or a top pick?

MCAN Mortgage Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for MCAN Mortgage Corp.

Why is MCAN Mortgage Corp 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 MCAN Mortgage Corp worth watching?

1 stock analyst on Stockchase covered MCAN Mortgage Corp In the last year. It is a trending stock that is worth watching.

What is MCAN Mortgage Corp stock price?

On 2021-10-22, MCAN Mortgage Corp (MKP-T) stock closed at a price of $18.35.