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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Bullboard Posts
Post by dusoft24x7on May 07, 2017 11:20pm
164 Views
Post# 26214981

HCG likely to rebound back quickly

HCG likely to rebound back quicklyAs soon as panic run up is contained ($10) and get back to $20+ as and when new funding backstop is announced. It is just matter of days.

Short sellers know the margin of working is 3-4% (deposit to mortgage) and all they need is panic, lies, rumours and  create some temporary disruption. They were helped by OSC and what perfect timing. It just stops now and recovery will be swift and minimum reward is around $19 even if HCG is sold
Bullboard Posts