Monday, 5 March 2012

Analyst Predicts Carfinco To Again Finish With Record Numbers

Carfinco Financial Group Inc.
TSX: CFN
Shares outstanding: 24.61 million
Shares fully diluted: 24.65 million

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Carfinco is expected to release its Q4/11 results later next week and analyst Fred Westra from Industrial Alliance Securities believes that it will be the company's 11th record quarter of net earnings in a row.

Mr. Westra expects earnings per share of $0.19 taxed compared to $0.18 for Q3 and continues his target as a Top Pick with a share price value of $11.50. He anticipates revenues for the quarter to be $16.3 million which is a 25.9% increase over the same quarter last year.

Of note, Carfinco has outperformed both the TSX and TSX Financials sub index by at least ~25% in the last year. The company is trading at $7.45 as of this posting.

Mr. Westra's updated report can be viewed by clicking here...