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 WBuffett1on Jan 17, 2018 6:29pm

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Post# 27381134

RE:RE:RE:IT IS CLEAR NOW WHY COHODES HATE HCG!

Yes he lost money when he covered his shorts at above $40. If you look at the stock chart, his average short price was probably around $40 or lower so he probably lost money when he covers at above $40. Even if he breakevens, you have to consider the interest he pays for borrowing the stocks and also opportunity costs. So yes, he most likely lost money from this trade.

lnsiderTrader wrote:
https://www.cbc.ca/news/business/home-capital-cohodes-lawsuit-1.4491854

lnsiderTrader wrote: Are we reading the same article? All that article says is he bought shares to close his short position after they disclosed positive information, which we now know was a lie.