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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.


TSX:HCG - Post by User

Home Capital Group Inc
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Comment by MDawg65on Jun 21, 2017 4:31pm
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Post# 26389582

RE:RE:RE:RE:RE:RE:RE:RE:So When Does The HOOP LOC Get Replaced?

RE:RE:RE:RE:RE:RE:RE:RE:So When Does The HOOP LOC Get Replaced?it was 99.6 % of principal value.

bonds often trade at discount to their par value based on the coupon rates versus the prevailing market rates.

given their past experience and low bad debts in the previous few years and with the rising real estate market its a safe bet to get 99.6 % of their money back,

so it costs them $ 10 miilion to save on the higher rate HOOP loc. It seems like a good business move.

you are off the mark on crapping on their asset values.

Real estate values are still up year to year and so the mortgages will not be a problem.

Analysts are all chiming in that the compnay has turned the corner.  This helps fix their liquidity problem.

Now they can return to growing their deposit base  once they hire a new CEO and CFO.

your entire thesis has been proven wrong yet again.  weren't you claiming this was a stock worth zero not loo long ago.

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