RE:Philadelphia Financial Says HC Worth $30 per shareThe article suggests there is no issue with the Canadian Housing market? Buying a home is becoming more of a distant dream as time goes on. Canadians are being priced out of the market more and more every day. That in itself is enough to slow the constant inflation.
And Jordan H. is betting that HCG is going to get aquired.. That's a big bet. Especially with the disclosure on this company being terrible.
I think before other companies look at aquiring HCG, they'll look at ripping it apart by buying up it's assets for pennies on the dollar the same way this unkown buyer did.