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Home Capital Group Inc 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 DaveAuon Apr 03, 2008 12:18pm
254 Views
Post# 14934823

My theory on the recent action

My theory on the recent actionI would bet that some players got wind of  the CFO resignation around Mar 10 and sold the stock down. The announcement coincided with the bottom.

Looks like its now running up ahead of earnings. I'm not sure what to expect for Q1. The Toronto housing market has been really weak due to massive new land transfer taxes that kicked in and the cold winter has affected markets across the country. On the other hand, competition has supposedly been reduced.
Bullboard Posts