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 mmsl7751on Jun 30, 2017 10:39am

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Post# 26423891

RE:RE:RE:RE:RE:RE:Three times return

thanks. you are very detailed person. mamy things i can learn from you..

Tater78 wrote: Aug 25 2011 the Buffet deal was announced, closing price of BAC was 7.65. The low in BAC came in Dec 2011 at 4.99. So, drawdown wasn't as bad as I thought. Only 35%.

mmsl7751 wrote: 2011 after buffet deal at BAC, the stock price didn't go down.(?)
if you bought on 2011 around 7, today you can sell at 24..

i think home capital is the same story: find undervalue stock with trouble issue, and invest it.

Tater78 wrote: WB got a deal that wasn't offered to anyone else. Had you bought common equity on that day, you would have earned an 18% return annually. That's pretty good. However, you would have gone negative for the first 9month of that investement and taken a >50% drawdown. Most investors can't stomach that. WB didn't have to.

mmsl7751 wrote: it is bank of america, news released yesterday.

https://www.zerohedge.com/news/2017-06-30/warren-buffett-becomes-largest-shareholder-2nd-us-megabank