Sunday, March 1, 2009

Follow up to Quest Capital (QCC)

Take a look at Quest's whopping dividend (fluctuates between 15-20%). The company provides mortgages up north in Canada and this weekend's IHT talked about Toronto real estate and how it has not cratered as much as in the US.

This bodes well, possibly, for QCC which is geographically diverse, but focused mostly in Canada.

The negative would be the share issuance to provide "ample liquidity" which I didn't believe they needed in the first place.

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