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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 longondmxon May 05, 2017 1:59pm
172 Views
Post# 26209678

As long as the properties

As long as the propertiesSecuring the mortgages are real, someone will scoop in and buy the company outright and the true (much higher) value here will be realized. 

What you have to understand is that Canadians will pay their mortgages before anything else. Before their car loan, before their credit card, before their whatever.   The mortgages are safe. If lending oracticea were stretched, there is still collateral behind those mortgages and you bet someone will come in and swoop the company up. 

They just hired a M&A consultant - of course they are open to selling. And there will be plenty of buyers.  By Monday you will start to hear rumblings of a sale.  Easiest money to be made.   
Bullboard Posts