Equitable Group | StockChase
29
Equitable Group (EQB-T)

Last Price Recorded: $69.2600 on 2017-12-15

ON STOCKCHASE SINCE May 2010

Financial Services
29
Equitable Group (EQB-T)

Last Price Recorded: $69.2600 on 2017-12-15

ON STOCKCHASE SINCE May 2010

Financial Services

Equitable Group


Signal Opinion Expert
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

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
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$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

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
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$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.

Financial Services

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
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$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.

Financial Services

(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
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$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).

Financial Services

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
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$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

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
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$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

(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
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$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

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
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$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

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
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$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

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
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$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

(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
David Baskin

President, Baskin Wealth Manage...

PricePrice
$53.650
Owned Owned
Yes

TOP PICK
Equitable Group(EQB-T) 

July 5, 2016

Mortgages. They also have a fin Tech spin to them. The fin Tech bank can get deposits that others can’t. Trading at a very low multiple, at about 7X this year’s earnings and 6X next year’s earnings. Dividend yield of 1.53%.

Financial Services

Mortgages. They also have a fin Tech spin to them. The fin Tech bank can get deposits that others can’t. Trading at a very low multiple, at about 7X this year’s earnings and 6X next year’s earnings. Dividend yield of 1.53%.

Financial Services
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$54.990
Owned Owned
Yes

DON'T BUY
Equitable Group(EQB-T) 

April 26, 2016

Had launched a bank, and got quite a bit of attention in January when they had a savings account that was paying 3%. It was remarkably successful, and probably more than they had anticipated. Since then it has scaled back to about 2.25%. If you are lending in mortgages and paying 3% on deposits, that is going to have a real squeeze on your net interest margin. On top of that, they did a fair amount of marketing and advertising in Q1, which may have an impact on their Q1 numbers. Also, have about an 8% exposure in Alberta.

Financial Services

Had launched a bank, and got quite a bit of attention in January when they had a savings account that was paying 3%. It was remarkably successful, and probably more than they had anticipated. Since then it has scaled back to about 2.25%. If you are lending in mortgages and paying 3% on deposits, that is going to have a real squeeze on your net interest margin. On top of that, they did a fair amount of marketing and advertising in Q1, which may have an impact on their Q1 numbers. Also, have about an 8% exposure in Alberta.

Financial Services
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$58.840
Owned Owned
No

TOP PICK
Equitable Group(EQB-T) 

October 27, 2015

This got tarnished with the Home Capital (HCG-T) brush. The big decline that occurred in the spring and summer was partly due to Home Capital. He has a lot more confidence in their due diligence that they do on their lenders and the systems they have set up. Trading at 1.2X BV and 1.5X earnings.

Financial Services

This got tarnished with the Home Capital (HCG-T) brush. The big decline that occurred in the spring and summer was partly due to Home Capital. He has a lot more confidence in their due diligence that they do on their lenders and the systems they have set up. Trading at 1.2X BV and 1.5X earnings.

Financial Services
Don Lato

President, Padlock Investment M...

PricePrice
$54.880
Owned Owned
Yes

TOP PICK
Equitable Group(EQB-T) 

July 2, 2015

Mortgage lending to those without a T4 slip like contractors and the self-employed.  It is a prudent lender.  Loan losses are minimal as they have great credit judgment.  8 times earnings and pretty good growth rate.  The dividend is half of the banks, however.

Financial Services

Mortgage lending to those without a T4 slip like contractors and the self-employed.  It is a prudent lender.  Loan losses are minimal as they have great credit judgment.  8 times earnings and pretty good growth rate.  The dividend is half of the banks, however.

Financial Services
David Baskin

President, Baskin Wealth Manage...

PricePrice
$62.500
Owned Owned
Yes

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