Home Capital cuts 10 pct of workforce$750 millions PRELIMINARY UNIVERSAL BASE SHELF PROSPECTUS is not for business expansion. if it is, Home Capital will hire more people to work.
Cutting cost doesn't mean profit increasing, it would be business shrink also.
Home capital has history issue debt notes. in 2011, they borrowed 75million(?) above 5% in the market.
If debt notes rate is above HCG’s average mortgage rate, they may choose by issuing new shares. And if buffet bought all $750 million shares, he will dominate the company,
Alan Hibben's 4000 share buying is very encouraging, but I think the decision maker should do more. If he put over one million dollar on HCG shares, his interest and our interest will match.
The ratio of debt to disposable income rose to 169.9 per cent in July, 2017, and Statics Canada forecasting it is keeping going up. How interest increase and B20 affecting mortgage is a question.