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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
Comment by DaveAuon Oct 23, 2008 7:25pm
207 Views
Post# 15544609

RE: RE: very quiet for hcg

RE: RE: very quiet for hcgWho was the analyst ?

I wonder if someone may be trying to game the estimates. Stick in a high one to ensure that the reported number is below estimates.

I'm not expecting any one time gains. Hopefully no one time losses either but they do own some preferred shares and I wouldn't be shocked to see some writedowns there, but hopefully not material.

Even a good quarter is likely to be dismissed very quickly as the housing market deteriorates. I think we likely need to hang on for another 18 months before we see the light.
Bullboard Posts