RE:RE:RE:RE:RE:RE:RE:No sanctions for 43 out of 45 HCG brokersthank you- it is encouraging that there are some out here who are understanding the public disclosures and learning from them.
but the company is not out of the woods- the depositors need to stay and some of the GICS savings accounts need to grow for the compay to return to it past capabilities.
The need to replace the HOOP loan and the CEO and CFO need to be solid citizens that will encourange and bring back investors who believe the new management can restore confidence with depositors and brokers and then manage the mortgage business in whatever conditions are prevalent in the market place.
But i remain cautiously optimistic that this can happen and that this is an undervalued stock.
I don't believe Alan Hibben and Claude Lamoureux are desparate for directors fees and would not have signed on unless they thought this was a viable business. The fact that the old management is bascially gone should also give assurances to the Cohodes crowd that this is a new era at Home Cap and the deadwood has been excised.