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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

Comment by canaderon Apr 04, 2020 4:20pm
485 Views
Post# 30879442

RE:Same Old Story

RE:Same Old StoryTotally not the same story at all. in 2017 all the other banks were doing fine, and HCG got caught up in a Dhortie inflated scandal. Lets remember the loan book NEVER saw losses.

But today is a completely different environment. Everything has been hammered. I like HCG but this corona virus has opened up a different strategy for me. A large portion of the cash I have on hand from the SIB is hunting dividend paying ETFs. They are so much on sale right now. I am loading up. And they are outside the reach of Dhorties ability to manipulate. While loading up on these I am still nibbling away on HCG. 

The end result, I am putting together a mother of a siege gun outside of the reach of Dhorties that I can point on the HCG Dhorties. I can buy HCG, and keep buying for a loooooooong time. Dollar Cost Averaging on steroids :) 

They manipulate the prices down?? just means I can buy more,...

It's gonna be such a beautiful thing,...

Dhorties you wanna know which ETFs I am loading up on?? BOOOOOHAHAHAHA. Go short them all suckers!!

Good luck to all cept the dhorties of course.

jm1jm1 wrote:

I will wait unti it hits $5.00 to buy more.  At thiis rate, it will hit there in a few weeks.


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