Timbercreek Mortgage Investment

TMC-T

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Analysis and Opinions about TMC-T

Signal
Opinion
Expert
SHORT
SHORT
December 20, 2018
He's very negative about the housing sector. He's short TMC. Credit spreads are rising and the credit markets are turning over. Canadian real estate is vulnerable.
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He's very negative about the housing sector. He's short TMC. Credit spreads are rising and the credit markets are turning over. Canadian real estate is vulnerable.
TOP PICK
TOP PICK
March 11, 2016

$300 million market cap. A very stable mezzanine financed building. They lend money for short-term real estate loans and are tight lending the money. If there is no loan to be done, there is no yield. If they do a loan, they just flow the income back to you. A very consistent business. Putting this into a TFS account is a wonderful vehicle. Yield of about 9%.

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$300 million market cap. A very stable mezzanine financed building. They lend money for short-term real estate loans and are tight lending the money. If there is no loan to be done, there is no yield. If they do a loan, they just flow the income back to you. A very consistent business. Putting this into a TFS account is a wonderful vehicle. Yield of about 9%.

PAST TOP PICK
PAST TOP PICK
February 17, 2016

(A Top Pick March 31/15. Up 7.66%.) Gives mortgages to developers to create retail space, apartment buildings, condos. They tend to be short term mezzanine loans.

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(A Top Pick March 31/15. Up 7.66%.) Gives mortgages to developers to create retail space, apartment buildings, condos. They tend to be short term mezzanine loans.

PAST TOP PICK
PAST TOP PICK
May 20, 2015

(A Top Pick May 5/14. Down 3.53%.) The trouble was repayment issues last year. They lend short-term to developers. They are underinvested, which hurts their bottom line. They have kind of solved that problem and it is cheap, trading at a 10% discount to its NAV. The mortgage market is still earning a very good rate of return on a risk adjusted basis. He thinks this does recover and does well over the next year.

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(A Top Pick May 5/14. Down 3.53%.) The trouble was repayment issues last year. They lend short-term to developers. They are underinvested, which hurts their bottom line. They have kind of solved that problem and it is cheap, trading at a 10% discount to its NAV. The mortgage market is still earning a very good rate of return on a risk adjusted basis. He thinks this does recover and does well over the next year.

TOP PICK
TOP PICK
March 31, 2015

(A Top Pick Feb 11/14. Down 7.12%.) This is a mortgage investment Corp. Has been hurt because they had prepayment issues last year. Has heard that insiders have been aggressive buyers of the stock. A good asset class to own. Yield of 9.33%.

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(A Top Pick Feb 11/14. Down 7.12%.) This is a mortgage investment Corp. Has been hurt because they had prepayment issues last year. Has heard that insiders have been aggressive buyers of the stock. A good asset class to own. Yield of 9.33%.

PAST TOP PICK
PAST TOP PICK
January 20, 2015

(A Top Pick Feb11/14. Down 1.52%.) You are just basically getting a 7% rate of return, but he’d like to see the NAV stabilize, which it kind of has. The biggest concern is that rates are so low and there is more competition in the space. It’s like they are on a treadmill. Once the mortgage gets paid down they have to go out and re-distribute the money. It is challenging, because they are always trying to get ahead of themselves. Cheap at these levels.

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(A Top Pick Feb11/14. Down 1.52%.) You are just basically getting a 7% rate of return, but he’d like to see the NAV stabilize, which it kind of has. The biggest concern is that rates are so low and there is more competition in the space. It’s like they are on a treadmill. Once the mortgage gets paid down they have to go out and re-distribute the money. It is challenging, because they are always trying to get ahead of themselves. Cheap at these levels.

PAST TOP PICK
PAST TOP PICK
November 12, 2014

(Top Pick Feb 11/14, Down 1.17%) It trades cheap now relative to its NAV. They lend out short term loans to builders. They keep getting repayment quicker than they expect and they have to take that money and keep trying to find better mortgages.

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(Top Pick Feb 11/14, Down 1.17%) It trades cheap now relative to its NAV. They lend out short term loans to builders. They keep getting repayment quicker than they expect and they have to take that money and keep trying to find better mortgages.

HOLD
HOLD
September 5, 2014

A mortgage REIT. They are smart people. The return is safe. You should be income focused. It should react well in a rising rate environment. It is not exciting, however.

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A mortgage REIT. They are smart people. The return is safe. You should be income focused. It should react well in a rising rate environment. It is not exciting, however.

TOP PICK
TOP PICK
May 5, 2014

A mortgage lender. Restructured because they used to be a mortgage fund and they had to become a Corporation. They lend short-term, which banks don’t want to do. They get about an 8% yield and is trading at a discount to NAV. Even if interest rates rise, this is a perfect entity because it resets itself every year or two to higher funding rates. Lends to hospitals, apartment buildings, more stable entities. Yield of 8.72%.

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A mortgage lender. Restructured because they used to be a mortgage fund and they had to become a Corporation. They lend short-term, which banks don’t want to do. They get about an 8% yield and is trading at a discount to NAV. Even if interest rates rise, this is a perfect entity because it resets itself every year or two to higher funding rates. Lends to hospitals, apartment buildings, more stable entities. Yield of 8.72%.

TOP PICK
TOP PICK
February 11, 2014

Has underperformed and got hit by the interest-rate movement. Focuses on mortgage lending to multi-dwelling apartments or hospitals, short-term lending that banks don’t want to get into. Used to be a closed end mutual fund but is now a corporate entity so the trailer they had to pay to advisors has been eliminated. Trades at a big discount to its NAV which probably trails back up in 6-12 months.

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Has underperformed and got hit by the interest-rate movement. Focuses on mortgage lending to multi-dwelling apartments or hospitals, short-term lending that banks don’t want to get into. Used to be a closed end mutual fund but is now a corporate entity so the trailer they had to pay to advisors has been eliminated. Trades at a big discount to its NAV which probably trails back up in 6-12 months.

BUY
BUY
July 2, 2013

Generally does not own funds, but found he is not an expert nor has exposure in mortgage lending space. These guys have that expertise. Traded off because of interest sensitivity. They don’t just keep re-issuing their fund, but are buying it back. Less than 3% MER if not bought retail. They lend to hospitals or for short terms. 7% distribution.

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Generally does not own funds, but found he is not an expert nor has exposure in mortgage lending space. These guys have that expertise. Traded off because of interest sensitivity. They don’t just keep re-issuing their fund, but are buying it back. Less than 3% MER if not bought retail. They lend to hospitals or for short terms. 7% distribution.

PAST TOP PICK
PAST TOP PICK
April 1, 2013

(Top Pick Apr 25/12, Up 1.43% Total Return) It earns a 6% yield so you don’t get much price action out of it. It is secured mortgages that are well diversified. [Mr. Gardner said on the show that he thought distributions were on top of the return listed, but the BNN news letter lists this figure under total return.]

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(Top Pick Apr 25/12, Up 1.43% Total Return) It earns a 6% yield so you don’t get much price action out of it. It is secured mortgages that are well diversified. [Mr. Gardner said on the show that he thought distributions were on top of the return listed, but the BNN news letter lists this figure under total return.]

COMMENT
COMMENT
November 27, 2012

A pure yield vehicle. Throws off about 8.5% on his costs. Very akin to a mortgage REIT where you have to underwrite the portfolio every quarter, so it is a portfolio of loans. They do not own commercial real estate. Unless you got the time and the expertise to underwrite the loans, he would not recommend it.

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A pure yield vehicle. Throws off about 8.5% on his costs. Very akin to a mortgage REIT where you have to underwrite the portfolio every quarter, so it is a portfolio of loans. They do not own commercial real estate. Unless you got the time and the expertise to underwrite the loans, he would not recommend it.

BUY
BUY
August 23, 2012

Owns this in his bond portfolio. Well diversified. Their loan to values are generally 60% leveraged so you need a drop of more than 40% to take a hit. A great investment in your tax-free account.

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Owns this in his bond portfolio. Well diversified. Their loan to values are generally 60% leveraged so you need a drop of more than 40% to take a hit. A great investment in your tax-free account.

BUY
BUY
July 20, 2012
A mortgage investment corporation. Doesn't own any physical real estate. They lend short-term to people who are improving or redeveloping primarily residential but also commercial real estate. Yield of about 7.75%.
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A mortgage investment corporation. Doesn't own any physical real estate. They lend short-term to people who are improving or redeveloping primarily residential but also commercial real estate. Yield of about 7.75%.
Showing 1 to 15 of 19 entries

Timbercreek Mortgage Investment(TMC-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Timbercreek Mortgage Investment 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.

Timbercreek Mortgage Investment(TMC-T) Frequently Asked Questions

What is Timbercreek Mortgage Investment stock symbol?

Timbercreek Mortgage Investment is a OTC stock, trading under the symbol TMC-T on the (). It is usually referred to as or TMC-T

Is Timbercreek Mortgage Investment a buy or a sell?

In the last year, there was no coverage of Timbercreek Mortgage Investment published on Stockchase.

Is Timbercreek Mortgage Investment a good investment or a top pick?

Timbercreek Mortgage Investment was recommended as a Top Pick by James Hodgins on 2018-12-20. Read the latest stock experts ratings for Timbercreek Mortgage Investment.

Why is Timbercreek Mortgage Investment 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 Timbercreek Mortgage Investment worth watching?

0 stock analyst on Stockchase covered Timbercreek Mortgage Investment In the last year. It is a trending stock that is worth watching.

What is Timbercreek Mortgage Investment stock price?

On , Timbercreek Mortgage Investment (TMC-T) stock closed at a price of $.