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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

Bullboard Posts
Comment by intheteethon May 09, 2017 8:23pm
103 Views
Post# 26223679

RE:RE:Clearly there still short player here

RE:RE:Clearly there still short player hereThe shorts that are covering are short term investors capitalizing on a serious gain. Doesn't mean this company is headed north permanently. 

People investing in this stock believing that HCG have assets worth more than the current share price is showing but that's going to change as time goes on. They are not only being stripped of quality assets by this sale of loans but have terrible interest to worry about, let alone profit margins are being hit hard, all this plus a cooling of the housing market???

I just don't see how this can end well in the future.


Bullboard Posts