Explore our latest company evaluations, delivering straightforward insights into financial and operational performance. Our regularly updated reports cover each company‘s current state, future outlook, and stock fair value. Fees have been paid to FRC by the issuers to commission these reports and research coverage. This fee creates a potential conflict of interest which readers should consider.
Olympia Financial Group Inc. 🔹 Asset Management
Published on: 5/13/2025
Olympia Financial (TSX:OLY) Q1-2025 client assets up 8% to $12.97B, services revenue rises 4%. EPS beats forecast despite rate cuts. Tariffs pose risks, but stock trades at 46% discount.
Enterprise Group, Inc. 🔹 Oil & Gas Equipment & Services
Published on: 5/13/2025
Enterprise Group (TSX:E) Q1 revenue down 16%, but debt reduction & FlexEnergy acquisition boost outlook. Up 44% YoY, outperforming oil & gas index. Energy sector tariffs in focus.
Capital Direct I Income Trust 🔹 Mortgage
Published on: 5/8/2025
Capital Direct I Income Trust, a top Canadian MIE, grew mortgage receivables 21% to $476M in 2024, reaching $521M in Q1-2025. Net income rose 27% to $34M, with Class F yields at 9.8% in 2024 and 10.1% in Q1-2025. With lower impaired mortgages (4% vs. sector’s 6%) and resilient yields amid BoC rate cuts, CDIT is attractive. We forecast a 9.3% yield in 2025 and upgrade our rating to 2.
Trident Resources Corp. 🔹 Other Industrial Metals & Mining
Published on: 5/8/2025
Trident Resources Corp. (TSXV: ROCK, OTCQB: EROSD), a newly formed junior explorer, merges Eros Resources, Rockridge Resources, and MAS Gold Corp. to focus on high-grade gold and copper projects in Saskatchewan. Its flagship Contact Lake gold project boasts 1.05 Moz in historical resources, with underground development and untested targets. With $3M in cash, $8M in working capital, and no debt, ROCK trades at a steep discount of $10/oz AuEq vs. the $50/oz sector average. Prioritizing Contact Lake, Trident is well-positioned as gold prices soar and M&A activity rises.
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