Although I own both, neither of these stocks seems to be a Yeehaw candidate to me (no obvious catalyst, not expecting short term price spike).
SNFCA is being hurt by its mortgage division. The company has decided to keep all their mortgage operations intact, even with the dramatic loss of business due to rising rates. They may see some light at the end of the tunnel, but are they going towards the light, or is it coming at them?
On the other hand, their book value is double their market cap, and I suspect the major shareholders will either ditch or downsize the mortgage division before all that equity is burned up. Once that happens, the other divisions could carry this company nicely. Alternatively, if the mortgage scene improves, the company can become a cash cow again.
I have no idea if or when WEDX will take off, but the trading pattern (as WED on TSE) is interesting. I haven't heard anything from FID yet. It could be a year before iFire's pilot production is running, and maybe another year after that before it gets traction or slides off the horizon. Unless there is a strong response to FID, WEDX could languish for months.
-g |
