Equitable Group (EQB-T) Stock Predictions - Stockchase
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Equitable Group (EQB-T)

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Financial Services

Equitable Group

EQB-T

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Equitable Group (EQB-T) SAVE Apr, 19, 2019, 7:30 am

72.20 1.19 (1.68%)

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Equitable Group(EQB-T) 

September 19, 2018

He thinks this mortgage lender has a dividend that is growing and trades at a low PE ratio.  It is not a low risk company, as it makes loans to non-conventional borrowers.  At this point in the market cycle, with high consumer debt, he would prefer to own a bank with larger market cap and higher liquidity.  Yield 1.5%.  

Financial Services
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He thinks this mortgage lender has a dividend that is growing and trades at a low PE ratio.  It is not a low risk company, as it makes loans to non-conventional borrowers.  At this point in the market cycle, with high consumer debt, he would prefer to own a bank with larger market cap and higher liquidity.  Yield 1.5%.  

Financial Services
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$69.530
Owned Owned
No

TOP PICK
Equitable Group(EQB-T) 

June 27, 2018

Mortgage financing when housing has cooled off. But EQB just announced they will relinquish some of their standby facilities that they took on during the Home Capital crisis last year--this will save them 25-cents a share in earnings next year and cost them a non-cash write-off. It boasts 5.5x earnings and a solid dividend. A potential for buybacks. This stock will be much higher in 2019. (Analysts' price target: $70.00)

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Mortgage financing when housing has cooled off. But EQB just announced they will relinquish some of their standby facilities that they took on during the Home Capital crisis last year--this will save them 25-cents a share in earnings next year and cost them a non-cash write-off. It boasts 5.5x earnings and a solid dividend. A potential for buybacks. This stock will be much higher in 2019. (Analysts' price target: $70.00)

Financial Services
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Don Lato

President, Padlock Investment M...

Price Price
$59.210
Owned Owned
Yes

PAST TOP PICK
Equitable Group(EQB-T) 

June 14, 2018

(A Top Pick Jun. 26/17, Down 5%)  They are now the largest in the industry.  They are extremely well managed.  They had record results and raised the dividend several times since he recommended it.  It is trading below book value.  It is a great value investment and is growing well despite the new mortgage rules.  Customers wanting to take mortgages elsewhere are subject to the new stress tests. 

Financial Services
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(A Top Pick Jun. 26/17, Down 5%)  They are now the largest in the industry.  They are extremely well managed.  They had record results and raised the dividend several times since he recommended it.  It is trading below book value.  It is a great value investment and is growing well despite the new mortgage rules.  Customers wanting to take mortgages elsewhere are subject to the new stress tests. 

Financial Services
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$58.180
Owned Owned
Yes

COMMENT
Equitable Group(EQB-T) 

June 14, 2018

Small financial in Canadian mortgage business. Stock struggling because it is in the Canadian mortgage business.  Cheap stock and well run. He does not think that mortgages will be a massive problem. 

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Small financial in Canadian mortgage business. Stock struggling because it is in the Canadian mortgage business.  Cheap stock and well run. He does not think that mortgages will be a massive problem. 

Financial Services
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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$58.180
Owned Owned
No

COMMENT
Equitable Group(EQB-T) 

November 24, 2017

Canadian Banks? He looks favourably on Canadian banks in general, because he likes the backdrop for energy. This is his favourite, and is actually the smallest of the group. Trades at the lowest valuation of the entire group. Trades at 1X Book compared to the National Bank (NA-T) at 2X. The Canadian bank trade should continue to drift higher.

Financial Services
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Canadian Banks? He looks favourably on Canadian banks in general, because he likes the backdrop for energy. This is his favourite, and is actually the smallest of the group. Trades at the lowest valuation of the entire group. Trades at 1X Book compared to the National Bank (NA-T) at 2X. The Canadian bank trade should continue to drift higher.

Financial Services
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Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$65.290
Owned Owned
Yes

BUY on WEAKNESS
Equitable Group(EQB-T) 

September 25, 2017

It has been thriving.  It is an extremely well managed and well capitalized company.  Their business is growing dramatically.  Buy it whenever it is below book value.

Financial Services
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It has been thriving.  It is an extremely well managed and well capitalized company.  Their business is growing dramatically.  Buy it whenever it is below book value.

Financial Services
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$55.450
Owned Owned
Yes

COMMENT
Equitable Group(EQB-T) 

July 21, 2017

There is nothing wrong with this company’s balance sheet. The overwhelming problem with the group was the issue of whether lenders, the people who bought the GICs, etc., wouldn’t freak out and panic when some of the US hedge funds started Shorting.

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There is nothing wrong with this company’s balance sheet. The overwhelming problem with the group was the issue of whether lenders, the people who bought the GICs, etc., wouldn’t freak out and panic when some of the US hedge funds started Shorting.

Financial Services
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$54.100
Owned Owned
Unknown

PAST TOP PICK
Equitable Group(EQB-T) 

June 27, 2017

(A Top Pick July 5/16. Up 14.74%.) The whole alternative lending sector took big tumbles on the Home Capital (HCG-T) situation. This is in a much better shape in this group.

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(A Top Pick July 5/16. Up 14.74%.) The whole alternative lending sector took big tumbles on the Home Capital (HCG-T) situation. This is in a much better shape in this group.

Financial Services
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$60.950
Owned Owned
Yes

TOP PICK
Equitable Group(EQB-T) 

June 26, 2017

It was caught up in the HCG-T issues.  The short sellers started pouncing on these players.  They secured loans at very low interest rates.  They pre-empted potential contagion in the industry. They are getting so much new business that they can cherry pick their new customers.  It is trading just above book.  (Analysts’ target: $62.00).

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It was caught up in the HCG-T issues.  The short sellers started pouncing on these players.  They secured loans at very low interest rates.  They pre-empted potential contagion in the industry. They are getting so much new business that they can cherry pick their new customers.  It is trading just above book.  (Analysts’ target: $62.00).

Financial Services
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$61.910
Owned Owned
Yes

WATCH
Equitable Group(EQB-T) 

May 15, 2017

When he asks about buying Home Capital (HCG-T), he gets “Buy Equitable”, which is way safer and has financial backing. It doesn’t do alternative lending, but does kind of niche lending. Home Capital’s problems are going to blow over, but even if it doesn’t, that is not going to come to this company. Wait for the next Home Capital headline, and then when this drops to $45, then you have more of a ramp to do something.

Financial Services
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When he asks about buying Home Capital (HCG-T), he gets “Buy Equitable”, which is way safer and has financial backing. It doesn’t do alternative lending, but does kind of niche lending. Home Capital’s problems are going to blow over, but even if it doesn’t, that is not going to come to this company. Wait for the next Home Capital headline, and then when this drops to $45, then you have more of a ramp to do something.

Financial Services
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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$51.080
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick July 5/16. Down 15%.) Believed that the model was very good. He began selling it at $60, and by the time he was done it was trading at a little above $48-$49.

Financial Services
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(A Top Pick July 5/16. Down 15%.) Believed that the model was very good. He began selling it at $60, and by the time he was done it was trading at a little above $48-$49.

Financial Services
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$48.370
Owned Owned
No

HOLD

It is a quality company.  They have an impeccable portfolio.  Their bad loans are miniscule.  They got thrown in with HCG-T.  He can’t say anything bad about it.  Their earnings were fine when they came out.  He does not think the latest budget will have any effect on them.

Financial Services
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It is a quality company.  They have an impeccable portfolio.  Their bad loans are miniscule.  They got thrown in with HCG-T.  He can’t say anything bad about it.  Their earnings were fine when they came out.  He does not think the latest budget will have any effect on them.

Financial Services
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Norman Levine

Managing D, Portfolio Management...

Price Price
$47.350
Owned Owned
No

COMMENT

Very similar to Home Capital (HCG-T) in how they run things. The issue a lot of these companies face is that they are borrowing money at a retail level, which has hurt them a fair bit. Everybody worries about the mortgages, but those are probably fine. The problem is, they have to be funded and the funding is the bad part. If somebody doesn’t trust you when you are funding things, it becomes very difficult. That is exactly what happened in the US in 2008. (CEO just stated that there was no material decline in deposits, and they have just lined up a $2 billion standby credit facility, just in case.)

Financial Services
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Very similar to Home Capital (HCG-T) in how they run things. The issue a lot of these companies face is that they are borrowing money at a retail level, which has hurt them a fair bit. Everybody worries about the mortgages, but those are probably fine. The problem is, they have to be funded and the funding is the bad part. If somebody doesn’t trust you when you are funding things, it becomes very difficult. That is exactly what happened in the US in 2008. (CEO just stated that there was no material decline in deposits, and they have just lined up a $2 billion standby credit facility, just in case.)

Financial Services
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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$47.350
Owned Owned
Unknown

COMMENT
Equitable Group(EQB-T) 

April 28, 2017

Assuming that the contagion is not so devastating, and assuming that they can still raise capital at a reasonable cost, he thinks this company will pull through. A year from now, many of these companies will regain their losses.

Financial Services
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Assuming that the contagion is not so devastating, and assuming that they can still raise capital at a reasonable cost, he thinks this company will pull through. A year from now, many of these companies will regain their losses.

Financial Services
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$37.580
Owned Owned
Unknown

PAST TOP PICK
Equitable Group(EQB-T) 

July 7, 2016

(A Top Pick July 2/15. Down 12.9%.) An alternative mortgage lender. A segment that people love to hate at the moment. There is concern that the housing market, particularly in Toronto and Vancouver, are going to explode and that mortgage lenders are going to be like the ones in the US, left for dead on the battlefield. A terrific opportunity to buy a quality company.

Financial Services
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(A Top Pick July 2/15. Down 12.9%.) An alternative mortgage lender. A segment that people love to hate at the moment. There is concern that the housing market, particularly in Toronto and Vancouver, are going to explode and that mortgage lenders are going to be like the ones in the US, left for dead on the battlefield. A terrific opportunity to buy a quality company.

Financial Services
0 0 0 0 0
0 comments
David Baskin

President, Baskin Wealth Manage...

Price Price
$53.650
Owned Owned
Yes

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