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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

Post by jm1jm1on Mar 30, 2020 11:11am
124 Views
Post# 30859896

Interesting

Interesting
Just enjoy reading everyone's opinions here on this forum and all the bashing when someone makes an opinion of where this stock is heading.

Ask yourself the question.  Who is buying and selling real estate at this time?  How can you buy and sell real estate and put an exact closing date when there is so much uncertainty in the market.  Maybe those money laundering deals who is just looking for cash.

I still have half a position on this stock.

I like to be optimistic like everyone else but I don't see any recovery for maybe 6-12 months from now if virus spread slows down.  Do you really think people will be allowed to physically go back to work or your kids going back to school and playing sports again for a while without thinking that someone they are interacting has it?

Over 1 million EI claims have applied in the past week and more coming.  My friend who employs over 40 people just laid off all his employees last week.

So much for the federal government support.  Selfie boy's carbon tax being applied on April 1 (6.6cents per litre to gas) and all the MPs are getting raises. He pretends he gives from one hand and take back from the other.  Such a great (not) leader.

I am NOT Dr. Silbert, etc.  I am giving my own opinion.

GLTA.
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