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.

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Home Capital Group Inc

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Comment by Prisme13on May 29, 2017 9:56am

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Post# 26295212

RE:RE:CURRENT BOOK VALUE IS $24.65

If $5 billion of assets were used as collateral for a $2 billion Line of credit, this would be one of the safest loan scenario imaginable for the bank with an extremely low chance of default. Then again, even if HCG defaulted on the $2 billion they would not lose all of their $5 billion in the process of paying back the line of credit. Your claim that the book value is 0 is clearly unfounded.

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