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Exchange Income Corporation (EIF.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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40.94+0.29 (+0.71%)
At close: 3:59PM EDT
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  • A
    A different J
    I'm doing a little window shopping here. Looking to save a touch of time. Would someone care to address the listed 200% payout ratio with EIF. Thank you in advance of your response.
  • R
    REC
    I just read in today's Globe a list of the top ten lending rates of stocks to short on the TSX. I was surprised to see EIF as no. 10. While the latest stats on shorted stocks should be published in coming days, would anyone like to chime in as to why there seems to be a high fee or interest in shorting this stock?
  • R
    REC
    Is this a neutral, bearish or bullish announcement? Seems to me like they are incurring newer debt to pay off older debt but it's not indicated what interest rate the old debt was at. "Exchange Income Corporation Announces $125,000,000 Bought Deal Financing of 5.25% Convertible Unsecured Subordinated Debentures."
  • j
    jim
    Good day to buy, below 40
  • R
    REC
    I appreciate the reply to my earlier comment on dividends. I am reading more about EIF to see if it's safe as the dividend is quite high. Analysts tracked by Refinitiv give it a 1 year target of 44.70, that's a more than 10% potential gain from here. Do you wish to share your own experience with this stock over the years, i.e. surprises good and bad, disappointment, whatever with me and others who may be reading this post? Thanks again!
  • R
    RP
    Having owned EIC for a few years found, for some reason, always moves in big increments either way. In the meantime, steady monthly dividends.
  • R
    REC
    I just saw this company referred to on another board. The payment ratio for dividends is over 200%. Who thinks this is sustainable? So for every dollar of net profit they pay out 2. Something stinks somewhere.
  • R
    REC
    I would like comments by people who have been in the market for a long time regarding volume. I've noticed volume on main Can & US indexes have been going down in the last 12 weeks or so, as well as most of the 50 North American stocks and indexes I'm tracking. I only have the avg daily volume on EIF for 2 weeks so not enough data there. Is this part of "sell in May and go away" or is it something else in your view? Thanks!
  • P
    Pete
    I usually don't watch every ticks on the price, but how do you fluctuate a whole $1 with less than 90K shares and under 1hr of opening?
  • C
    Chris
    Nice to see us breaking through the resistance at $40. Nice start to the week!!
  • K
    Kenng
    amazing earning!! Free Cash Flow 0.55 per share back to precovid level. EPS beat estimate 66.66%, this company is a hidden gem!!
  • C
    Chris
    Yes, great results and RBC moved their price target to $42 and outperform, calling EIC “a great defensive way to play the recovery in the aerospace sector”. I couldn’t agree more.
  • j
    jim
    Is $41 the new normal
  • P
    Peter
    Good beat 0.30 vs 0.18 est
  • m
    mfaraji
    Wow
  • R
    Raymond
    Back to $45
  • j
    jim-bag
    As per Globe and Mail May 13 https://tgam.ca/2T39soR (behind paywall):
    "Exchange Income Corp. (EIF-T) said its first-quarter revenue grew 3 per cent to $307-million year-over-year. Analysts were expecting revenue of $326.6-million.
    Its net loss was $5.3-million, or 15 cents per share, versus a profit of $7.5-million, or 24 cents per share, a year earlier. Adjusted earnings were $2.1-million, or 6 cents, versus $12.7-million, or 41 cents, a year ago.
    The company said its Alberta operations have been heavily impacted by both the COVID-19 pandemic and record low oil prices, "which have caused many companies to delay or cancel large capital projects." As a result, the corporation recorded a $6.1-million impairment charge against intangible assets related to the Alberta operations during the quarter."
  • C
    Chris
    This is the most important quote in the annual report:

    “From a financial perspective, the Corporation generated sufficient cash flow since the onset of the pandemic to cover its Maintenance Capital Expenditures, invest in the future through Growth Capital Expenditures and complete the acquisition of Window Installation Specialists Inc. ("WIS"), pay its dividend and reduce its debt, net of cash."
  • C
    Curtis
    Do we have a beat?
  • j
    jim
    If you buy on Monday should get the divided, x divided date is the 29, would this be correct