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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 IntrinsicValue1on Nov 09, 2018 1:58am
82 Views
Post# 28948429

Short seller H. E. "double hockey sticks"

Short seller H. E. "double hockey sticks"

Reality begins to set in and the holders of about nine million shares in short positions prepare to have a bad sleep tonight. Some shorts are even getting a bit testy, but the bottom line is that they are stressed out because they know their situation will continue to deteriorate tomorrow. Before the market opens they need to decide whether they bite the bullet and buy back the shares tomorrow and lock in a very large financial loss or wait until Monday when they will lock in even even larger financial losses as the price of <HCG.TO> goes above $25 or more before extending its gains into the 30’s by year end. Not much to look forward to. Sleep well longs as continued buybacks from management are a great way to reward us long term shareholders. Kudos to Home Capital Group management!

 
Bullboard Posts