RE:Your Vote on Who will make offer for HC
My guess it will be bought between 15 $ and 20 $ per share. I think they reported result to give shareholders more info about their strategy.
There loans are very high quality, almost no loss and LTV around 70% with housing market in toronto who was on fire last year which secure it more. Besides, they got between 15-25% ROE in past years which was very high (and confirm a very good loans).
Cormark Securities Inc. told that 14$ / share would be a desperate sell from them.
The 2B LOC they got from HOOPP has been taken to give them time in order to liquidate their portfolio or sell the compagny.
I expect a offer will be announced before the annual meeting of shareholders which is mid june.