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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 Wineauxon Jun 09, 2017 9:43am
144 Views
Post# 26344296

RE:RE:Supporting the cause

RE:RE:Supporting the causeYes I waded in heavily to EQB and HCG in late April when they crashed. I couldn't reconcile the massive drop in the HCG with the disclosure of two-year old news. I think the US shorts made the situation far worse. Poor EQB got sucked into the negative vortex. 

Check out EQB, it's currently at $50 down from $70 because of the problems at HCG. Just guilty by association IMHO. Solid company with a low P/E. When the dust clears at HCG, EQB announces their 2Q in August  and the housing news isn't sensationalized, I think we'll see it return to previous highs.
Bullboard Posts