Equitable Group

EQB-T

Analysis and Opinions about EQB-T

Signal
Opinion
Expert
PARTIAL SELL
PARTIAL SELL
December 2, 2019
We aren't to going to have enough homes for retirees. Living in your home is going to be a big thing and reverse mortgages are going to be a big thing. He does not know if equitable is going to be the place to play this. He would partial sell these REITs at the moment.
Equitable Group (EQB-T)
December 2, 2019
We aren't to going to have enough homes for retirees. Living in your home is going to be a big thing and reverse mortgages are going to be a big thing. He does not know if equitable is going to be the place to play this. He would partial sell these REITs at the moment.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$110.880
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 29, 2019
(A Top Pick Jun 27/18, Up 17%) It had been dragged down with the Home Capital concerns a year ago. They had three dividend bumps over the year. It trades at 6.5 times earnings.
(A Top Pick Jun 27/18, Up 17%) It had been dragged down with the Home Capital concerns a year ago. They had three dividend bumps over the year. It trades at 6.5 times earnings.
Don Lato
President, Padlock Investment Management
Price
$68.270
Owned
Yes
DON'T BUY
DON'T BUY
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%.

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%.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$69.530
Owned
No
TOP PICK
TOP PICK
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)

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)

Don Lato
President, Padlock Investment Management
Price
$59.210
Owned
Yes
PAST TOP PICK
PAST TOP PICK
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.

(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.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$58.180
Owned
Yes
COMMENT
COMMENT
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.

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.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$58.180
Owned
No
COMMENT
COMMENT
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.

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.

Daniel Lloyd
Portfolio Manager, Forge First Asset Management
Price
$65.290
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
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.

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.

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$55.450
Owned
Yes
COMMENT
COMMENT
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.

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.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$54.100
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
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.

(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.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$60.950
Owned
Yes
TOP PICK
TOP PICK
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).

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).

Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$61.910
Owned
Yes
WATCH
WATCH
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.

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.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$51.080
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 9, 2017

(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.

(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.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$48.370
Owned
No
HOLD
HOLD
May 1, 2017

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.

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.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$47.350
Owned
No
COMMENT
COMMENT
May 1, 2017

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.)

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.)

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$47.350
Owned
Unknown
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