RE:looking like a trend reversal this morning.Having cut the divident, HCG can now live on cash flow alone.
High interest savings accounts are almost depleted so that's no longer a concern. Or at least it won't make headlines anymore.
GICs are pretty much like mortgages in the sense that there is a significant penalty for early redemption in both cases, they fund one another - in both directions!
Yes HCG needs to issue new GICs to issue new mortages, but guess what, if people don't renew their mortgages HCG gets the money... to reimburse GICs.
Once lower cost sustainable funding is found we'll have a stabilized, profitable business.
Markets overreaction forced HCG to make moves that will make it a much better business in the end. I don't think it will be liquidated at all. Rebranded maybe. we'll see...