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nwarrior
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Navneet (Nav) W. is currently attending a University in the Greater Toronto Area, he has a strong passion for investing and has been doing so online actively since early 2008. He is currently studying Business Finance and would like to open his own investment advisory firm some time in the near... More
  • Quest Capital Corp. a great long term  0 comments
    May 13, 2009 11:27 PM | about stocks: SPOXF

    Quest Capital Corp. is a great long term hold, and due to the recent measures that management has taken to protect shareholder value this little dividend paying company is a great long term buy.

    On May 4th, 2009 Quest Capital Corp. announced measures to reduced overhead costs in order to maintain shareholder value in these tough economic times. They are implementing the following steps (Courtesy of Finance Yahoo)
    - Closing Toronto office along with reducing concentration in their Vancouver office
    - Reducing Employee count along with Exec salaries
    - Streamlining Quests Exec Team
    - Bolstering the companies remediation team to assist in monetizing the loan portfolio
    - intention to cancel trading on the
    AIM (London Stock Exchange)

    Quest Capital Corp has also greatly decreased their bank debt and are expected to have it eliminated by the end of 2009.
    (Source www.finance.yahoo.com )

    Quest Capital Corp. is a great long term hold, I expect Quest Capital Corp. to reach $1.25 per share by the end of 2009. With that in mind along with a dividend yield of around 18% (May 11, 2009) Quest Capital Corp. is a great long buy.

    *Positions*
    Author holds a position in Question Capital Corp.

    Stocks: SPOXF
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