Genworth MI repurchases shares
Genworth MI (TSX: MIC) recently disclosed that they repurchased 1,454,196 shares in mid-May for roughly $34.38 per share, a repurchase representing $50 million. The buyback algorithm they employed was...
View ArticleQ2-2015 Performance Report
Portfolio Performance My very unaudited portfolio performance in the second quarter of 2015, the three months ended June 30, 2015 is approximately +9.4%. The performance for the six months ended June...
View ArticleGeneral market overview
The past two weeks in the markets have seen the S&P 500 go down a whopping 3% from its rough highs of 2120. While I do see some signs of margin selling, it is still quite light and I am still not...
View ArticleCanadian Housing Financing Market
There are three companies that come to mind that are directly related to Canadian residential housing financing: Genworth MI (TSX: MIC), Home Capital Group (TSX: HCG), and Equitable Group (TSX: EQB)....
View ArticleCanadian interest rates
The Bank of Canada dropped their target interest rate from 0.75% to 0.5% today. Canadian currency has taken a plunge in response. In addition the Federal Reserve Chair has pledged to start...
View ArticleSleep Country Canada goes public – brief analysis of IPO
Sleep Country Canada (with the cutest ticker symbol on the TSX, ZZZ) goes public after they were taken private half a decade ago. The hedge fund that took them over is still up on a market...
View ArticlePurchased Bombardier Preferred Shares – Investment Analysis
Bombardier (TSX: BBD.B) has been on my radar screen since the beginning of the year when the pulled off a secondary offering that was force-fed to the public. Over the past week I have bought...
View ArticleSearch for yield – Dundee Corp
Dundee (TSX: DC.A) is an investment corporation. They are family-controlled (by the Goodman family) who control approximately 87% of the voting interest and 18% of the economic interest of the firm...
View ArticleGenworth MI Q2-2015 review
This is part of my continued coverage of Genworth MI (TSX: MIC). There wasn’t anything too remarkable about Q2-2015’s report other than that delinquencies in Alberta have not been materially...
View ArticlePlunge in the markets
It is very obvious that there was a forced liquidation at the beginning of today’s market session and also parts of the morning. There are some securities out there that were clearly force-sold at the...
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