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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

Home Capital Group Inc
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Comment by davidaudon Dec 11, 2009 11:37am
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Post# 16577845

RE: RE: New President

RE: RE: New PresidentI thought it curious when Nick exercised options for 60,000 shares last May at 10.56 each and sold almost all immediately to reduce his holdings to 6,600. I have been expecting some further career news. In December, he exercised options for 20,000 shares for approx $35 and sold all 26,600 shares in 24 hours, eliminating his holdings.

With his 'resignation', doubts have been raised in the investment world and the stock price dropped quickly.  Hopefully reassurance is to come.
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