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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
Post by fdfd55on Jan 22, 2009 8:04am
649 Views
Post# 15720504

As I have said before

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.
Bullboard Posts