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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

Home Capital Group Inc
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Post by fdfd55on Nov 17, 2008 2:43pm
501 Views
Post# 15591030

I believe that

I believe thatthis has nothing to do with the stock but instead, mutual funds being pressured to redeem.
Ravi Sood last week said that he will not redeem some stocks since they are illequid and he would kill the stock price and not get value out of selling them.
What is going on with HCG the last 2 weeks is similiar. I feel that a few funds are selling to raise cash for their
clients and hence, killing the stock.
Any opinions????
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