Currency Exchange Intl.

CXI-T

TSE:CXI

9.40
0.00 (0.00%)
Currency Exchange International is a foreign currency exchange company in the United States. The company provides wholesale services for financial institutions and other foreign currency exchange ...
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Analysis and Opinions about CXI-T

Signal
Opinion
Expert
SELL
SELL
January 29, 2019
Volume has dried up and is sporadic. Tech analysis of this is tough. $30.90 could be huge resistance.
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Volume has dried up and is sporadic. Tech analysis of this is tough. $30.90 could be huge resistance.
DON'T BUY
DON'T BUY
April 24, 2018

They've executed well. Has a reasonably valuation. Maybe after some quarters he may look into it, but he's not 100% sold on the demand for their currency services.

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They've executed well. Has a reasonably valuation. Maybe after some quarters he may look into it, but he's not 100% sold on the demand for their currency services.

PARTIAL BUY
PARTIAL BUY
April 10, 2018

A very good small cap. They gapped up. Volume is sporadic, because it's a small cap. Had an 8% rise on March 15. Continues to rally. Would like to see more volume and it could consolidate around $23-26. There are positive signs of a break-out. Reduce around $26.75. It's now above resistance at $27, which is very positive. Consider adding to it now.

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A very good small cap. They gapped up. Volume is sporadic, because it's a small cap. Had an 8% rise on March 15. Continues to rally. Would like to see more volume and it could consolidate around $23-26. There are positive signs of a break-out. Reduce around $26.75. It's now above resistance at $27, which is very positive. Consider adding to it now.

COMMENT
COMMENT
October 4, 2017

Supplies physical foreign exchange. They’ve diversified into the payments business, which has caused a few headaches for them in the last few years. It is still not in profit mode. There was a lot of excitement last Sept/16, when they got their bank license, and it was thought they would take the Canadian market by storm. The reality is that it has been a tougher slog in the Canadian market. Incumbents were a little more resilient than what had been thought. Q3 had record revenues, but expenses were a little higher than expected. Expenses continue to grow. Sold his holdings this summer, largely on valuations. It is difficult to justify the stock given its outlook for growth and profitability.

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Supplies physical foreign exchange. They’ve diversified into the payments business, which has caused a few headaches for them in the last few years. It is still not in profit mode. There was a lot of excitement last Sept/16, when they got their bank license, and it was thought they would take the Canadian market by storm. The reality is that it has been a tougher slog in the Canadian market. Incumbents were a little more resilient than what had been thought. Q3 had record revenues, but expenses were a little higher than expected. Expenses continue to grow. Sold his holdings this summer, largely on valuations. It is difficult to justify the stock given its outlook for growth and profitability.

BUY
BUY
September 5, 2017

Thinks this is a buy. It commands the space in terms of being outside the bank, doing big contract work on thin margins. Suffered about a year ago because the US$ was strong, which affected their income. A one-of-a-kind company, except for a British one which is private.

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Thinks this is a buy. It commands the space in terms of being outside the bank, doing big contract work on thin margins. Suffered about a year ago because the US$ was strong, which affected their income. A one-of-a-kind company, except for a British one which is private.

COMMENT
COMMENT
July 13, 2017

Has been involved with it since its IPO. After a four year wait they got their bank license. Within 6 months they expected to land the 6 big banks. It has not happened since the bank license came out. The growth has happened in the top line, but not in the bottom line.

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Has been involved with it since its IPO. After a four year wait they got their bank license. Within 6 months they expected to land the 6 big banks. It has not happened since the bank license came out. The growth has happened in the top line, but not in the bottom line.

HOLD
HOLD
May 5, 2017

This has come up a lot this year, down about 33% YTD, partly due to the last 2 conference calls. Earnings had disappointed in both. Investors waited about 4 years for them to get their bank license which came in September, and it was going to be 6 months before benefits would be seen. In the last quarter, there wasn’t a lot of evidence of that. About 3 years ago, the company went into the payments business, and have been building up a business in that, so there were a lot of expenses, but no sales. Because of this, expenses have grown much faster than sales growth. They’ve built a lot of infrastructure, and they now need to grow into that. He has a lot of confidence in the CEO. Expects that the next quarter is also not going to be a great one.

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This has come up a lot this year, down about 33% YTD, partly due to the last 2 conference calls. Earnings had disappointed in both. Investors waited about 4 years for them to get their bank license which came in September, and it was going to be 6 months before benefits would be seen. In the last quarter, there wasn’t a lot of evidence of that. About 3 years ago, the company went into the payments business, and have been building up a business in that, so there were a lot of expenses, but no sales. Because of this, expenses have grown much faster than sales growth. They’ve built a lot of infrastructure, and they now need to grow into that. He has a lot of confidence in the CEO. Expects that the next quarter is also not going to be a great one.

HOLD
HOLD
March 27, 2017

Apathy is the real problem. Most of their business comes in the summer time. There is no real news, takeovers, dividend, etc. The stock is quite attractive at the $20 level. It may get a kick start in the summer.

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Apathy is the real problem. Most of their business comes in the summer time. There is no real news, takeovers, dividend, etc. The stock is quite attractive at the $20 level. It may get a kick start in the summer.

HOLD
HOLD
March 10, 2017

Just got their banking license which allows them to expand and deal more with the chartered banks on currency exchange. That is where their big business is. It has taken a little longer for it to get integrated into the growth mode, so you are seeing a little fatigue by investors, who waited for a long time for the license to come through. Their retail business is not their main focus or the driver. You just need to be patient.

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Just got their banking license which allows them to expand and deal more with the chartered banks on currency exchange. That is where their big business is. It has taken a little longer for it to get integrated into the growth mode, so you are seeing a little fatigue by investors, who waited for a long time for the license to come through. Their retail business is not their main focus or the driver. You just need to be patient.

COMMENT
COMMENT
March 8, 2017

On a broad, broad picture, this is still making higher lows, which is positive. However, it has been long enough that it hasn’t made a new high. The chart is neutral, so he is cautious on this.

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On a broad, broad picture, this is still making higher lows, which is positive. However, it has been long enough that it hasn’t made a new high. The chart is neutral, so he is cautious on this.

PAST TOP PICK
PAST TOP PICK
February 22, 2017

(A Top Pick Feb 8/16. Up 20.45%.) Got their Schedule 1 license as a bank in September. Unfortunately, when the results came out in early January, people were looking for immediate benefits, but it normally takes 3-6 months to see the benefits. He still really likes this.

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(A Top Pick Feb 8/16. Up 20.45%.) Got their Schedule 1 license as a bank in September. Unfortunately, when the results came out in early January, people were looking for immediate benefits, but it normally takes 3-6 months to see the benefits. He still really likes this.

HOLD
HOLD
January 12, 2017

An extremely interesting business. They do a lot of wholesale currency. Now they can get funds cheaper. They can go to the Fed or the central bank to get funds. Getting that kind of volume on currency may allow them to get some bigger clients. Just starting to prove the model out now. If you own, he would continue to Hold until you see the model prove out. He likes the business.

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An extremely interesting business. They do a lot of wholesale currency. Now they can get funds cheaper. They can go to the Fed or the central bank to get funds. Getting that kind of volume on currency may allow them to get some bigger clients. Just starting to prove the model out now. If you own, he would continue to Hold until you see the model prove out. He likes the business.

PAST TOP PICK
PAST TOP PICK
December 29, 2016

(A Top Pick Feb 8/16. Up 24.94%.) Recently got their bank license after about 4 years of waiting, so they are now a Schedule 1 bank, which operates as the Exchange Bank of Canada. They are specialists in foreign exchange. The growth profile, now that they have their bank license, is going to be much, much better.

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(A Top Pick Feb 8/16. Up 24.94%.) Recently got their bank license after about 4 years of waiting, so they are now a Schedule 1 bank, which operates as the Exchange Bank of Canada. They are specialists in foreign exchange. The growth profile, now that they have their bank license, is going to be much, much better.

TOP PICK
TOP PICK
December 29, 2016

Now that they have their bank license, it is really going to help in terms of marketing. One of their biggest clients was TD Bank (TD-T). TD said they will deal bank to bank as a lot of the banks want to do, partly from compliance purposes, but the other from capital provisioning. In the next 6 months, he expects they are going to land a lot of the Canadian banks. On top of that, they landed one of the top 3 US banks last summer, and that will start trickling into their earnings which are coming early January. Using the existing customer base, he calculates they are going to be growing revenue at 22% next year, and earnings are going to be up 44%. If you compare that to any of the 8 Canadian listed banks, he would rather have this one. (Analysts’ price target is $38.50.)

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Now that they have their bank license, it is really going to help in terms of marketing. One of their biggest clients was TD Bank (TD-T). TD said they will deal bank to bank as a lot of the banks want to do, partly from compliance purposes, but the other from capital provisioning. In the next 6 months, he expects they are going to land a lot of the Canadian banks. On top of that, they landed one of the top 3 US banks last summer, and that will start trickling into their earnings which are coming early January. Using the existing customer base, he calculates they are going to be growing revenue at 22% next year, and earnings are going to be up 44%. If you compare that to any of the 8 Canadian listed banks, he would rather have this one. (Analysts’ price target is $38.50.)

TOP PICK
TOP PICK
October 4, 2016

A wholesaler of foreign exchange. They recently got their Schedule 1 Canadian bank license after a 4-year wait. They now have a subsidiary bank, Currency Exchange Bank of Canada. Within the next 6 months, he thinks they will land most of the big 5 banks. Last quarter, they announced a top 3 US bank with 800 branches, that has signed on as a client. He can see a lot of organic growth for the company.

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A wholesaler of foreign exchange. They recently got their Schedule 1 Canadian bank license after a 4-year wait. They now have a subsidiary bank, Currency Exchange Bank of Canada. Within the next 6 months, he thinks they will land most of the big 5 banks. Last quarter, they announced a top 3 US bank with 800 branches, that has signed on as a client. He can see a lot of organic growth for the company.

Showing 1 to 15 of 42 entries

Currency Exchange Intl.(CXI-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 Currency Exchange Intl. 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.

Currency Exchange Intl.(CXI-T) Frequently Asked Questions

What is Currency Exchange Intl. stock symbol?

Currency Exchange Intl. is a Canadian stock, trading under the symbol CXI-T on the Toronto Stock Exchange (CXI-CT). It is usually referred to as TSX:CXI or CXI-T

Is Currency Exchange Intl. a buy or a sell?

In the last year, there was no coverage of Currency Exchange Intl. published on Stockchase.

Is Currency Exchange Intl. a good investment or a top pick?

Currency Exchange Intl. was recommended as a Top Pick by Jeff Parent B. Eng. FCSI CIM on 2019-01-29. Read the latest stock experts ratings for Currency Exchange Intl..

Why is Currency Exchange Intl. 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 Currency Exchange Intl. worth watching?

0 stock analysts on Stockchase covered Currency Exchange Intl. In the last year. It is a trending stock that is worth watching.

What is Currency Exchange Intl. stock price?

On 2020-11-26, Currency Exchange Intl. (CXI-T) stock closed at a price of $9.4.