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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 xBlitzkriegon Jul 24, 2017 4:11pm
87 Views
Post# 26502913

RE:Both Warren Buffet and Ross Healy Looked At Balance Sheet

RE:Both Warren Buffet and Ross Healy Looked At Balance SheetTotally agree with you, and I do think that the shorts had good reasons for shorting HCG and our market, but I think they are now treading in a dangerous territory. It's estimated that our finacial and mortgage industry has been shorted in excess of 13 billon, and our banks haven't even really taken a hit it's been more of consolidation than anything. Another aspect to consider especially for US shorts is the rising canadian dollar which will continually eat away at profits and losses incured by anyone short in the canadian market.
Bullboard Posts