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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

Post by Northforce13on Sep 04, 2022 12:52pm
251 Views
Post# 34940841

out again

out againsold off my little position aug 15th on the price spike

I'm too jittery about the global economy, rising interest rates, inflation, Russia war, China slowdown, U.S. instability... there are SO MANY negative macro events.

Normally the banks can just paper over whatever problems come up, but with inflation running red hot, this option becomes very difficult for them.

They way the have been cranking up inflation rates is bound to instigate some type of economic collapse.

Going to sit and watch.  Hope to re enter at some point, probably EQB, HCG's "sister", just don't like the gut feeling I get right now on the risk/reward. 

GLTA
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