MCAN Mortgage Corp (MKP-T) Stock Predictions - Stockchase
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MCAN Mortgage Corp (MKP-T)

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finance/leasing

MCAN Mortgage Corp

MKP-T

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MCAN Mortgage Corp (MKP-T) SAVE Mar, 21, 2019, 10:42 pm

15.80 0.07 (0.45%)

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COMMENT
MCAN Mortgage Corp(MKP-T) 

December 22, 2016

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.

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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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$14.400
Owned Owned
Unknown

SELL ON STRENGTH
MCAN Mortgage Corp(MKP-T) 

December 29, 2014

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.

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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.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$14.240
Owned Owned
Unknown

COMMENT
MCAN Mortgage Corp(MKP-T) 

December 22, 2014

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.

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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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$14.400
Owned Owned
Yes

COMMENT
MCAN Mortgage Corp(MKP-T) 

January 15, 2014

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.

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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.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$13.190
Owned Owned
No

PAST TOP PICK
MCAN Mortgage Corp(MKP-T) 

December 27, 2013

(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.

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(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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$12.900
Owned Owned
Yes

BUY
MCAN Mortgage Corp(MKP-T) 

October 18, 2013

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.

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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.

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Jason Donville

President , Donville Kent Asset ...

Price Price
$12.410
Owned Owned
Unknown

PAST TOP PICK
MCAN Mortgage Corp(MKP-T) 

September 30, 2013

(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.

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(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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$12.400
Owned Owned
Yes

COMMENT
MCAN Mortgage Corp(MKP-T) 

August 22, 2013

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.

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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.

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Jason Donville

President , Donville Kent Asset ...

Price Price
$12.650
Owned Owned
Unknown

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%.

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(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%.

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Jason Donville

President , Donville Kent Asset ...

Price Price
$14.800
Owned Owned
Unknown

COMMENT
MCAN Mortgage Corp(MKP-T) 

January 8, 2013

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..

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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..

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Jason Donville

President , Donville Kent Asset ...

Price Price
$14.250
Owned Owned
No

TOP PICK
MCAN Mortgage Corp(MKP-T) 

December 28, 2012

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.

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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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$14.090
Owned Owned
Yes

HOLD
MCAN Mortgage Corp(MKP-T) 

October 3, 2012

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

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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

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Jason Donville

President , Donville Kent Asset ...

Price Price
$13.700
Owned Owned
No

TOP PICK
MCAN Mortgage Corp(MKP-T) 

September 27, 2012

(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.

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(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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$13.700
Owned Owned
Yes

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.
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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.
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Charles Dilling

Vice Presi, Morguard Financial...

Price Price
$14.320
Owned Owned
Yes

COMMENT
A momentum play, near all time high. Not his kind of company though.
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A momentum play, near all time high. Not his kind of company though.
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Benj Gallander

President, Contra the Heard Inv...

Price Price
$14.490
Owned Owned
Unknown

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