As I have said beforeI spoke with Nick on November 19 and he said they had the best October that they have ever had.
Business is slowing slightly out west but some of Home Capital's competition has closed their doors and therefore, HCG's profits will not be hurt because of the slowing business.
The stock price on the other hand has gone back to 2003-2004 levels which is not right.
In 2003-2004, HCG was earning about .25 EPS.
Now they are about to earn in the .80's and the price is the same????????
Doesn't make sense.