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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 SurfForWealthon Mar 23, 2006 6:34pm
177 Views
Post# 10557382

It's been a while

It's been a whileWe got back in for a small position late yesterday for the exact same price we sold for in Dec 2004. This has always been a great company and this seems to be the first time they have tripped up in a very long time. I have had concerns about the housing sector and therefore mortgages for some time (since I last sold out probably). I feel the risk/reward is ok at this level but it is possible this could be the first sign of troubled waters ahead but time will tell. It is also possible this could be just a blip on the road to continued success. Cheers!!!
Bullboard Posts