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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 kobiyashiion Jul 14, 2015 6:03pm
265 Views
Post# 23923752

short

shortWow, shorting this is probably a good idea.... 25% sales down should mean a good 25% hit to sp. I bet the brokers etc were feeding garbage into the company and some one figured it out. I see genworth is getting hit too, i bet alot of number fudging has gone on in the mortgage space. Cmhc gave out a pretty easy hand for a long time and companies probably went overboard lending to everyone. I am short genworth at 33$, tempting to pile onto this ride because there is probably going to be some cockroaches flowing out of the chesterfield now
Bullboard Posts