HCG is just a BankGo back 40 years. What is the difference between how HCG conducts business and any of the major banks? The biggest difference is that the banks had branches. HCG relies on third parties to bring in the mortgages. So what?
HCG should not be allowed to go under since we need more competition in Canada, not less. I am thinking that they will survive, but a buyout is also possible in the high teens.
risk/reward looks good here. I think we go up from here after a month of consolidation.