Credit CardsDoes anyone know if higher rates are a plus for card revenues? Lower rates are obviously better for HCG's business as a whole, but I want to see something positive in it if rates go up in 2H07 and 08. Any info shared would be much appreciated.
OT- Any HCG holders like Capital One Financial in the US? Basically a card company that recently bought Hibernia Bank in New Orleans and NorthFork Bancorp in New York (IIRC!). They've also announced a large buyback.
OT2- Is Carfinco, CFN.UN, too small to matter once it un-trusts? Is there anything proprietary that makes it stand out from other auto lenders in the bottom end? What was so special about VFC that TD had to take it out?
OT3- HEQ.UN, FN.UN, FC.UN. IIRC, FN.UN is the largest although a few principals own 80% or so of the stock. IIRC, FN is not sub-prime so would it or one of the others be a good complement to HCG? HEQ.UN and FC.UN may be too small to attract any interest as non-trusts and I've even heard trust portfolio managers gripe on ROBtv about their low liquidity as it is.