Thoughts on HCG todayThis company is awesome. It has done a phenomenal job up getting rid of shares over the past few years. I love it.
Here is what's most likely going to happen and what i HOPE will happen.
The market crash in toronto and canada has dried up real estate transactions and pricing are crashign hard. (I work in real estate and have numerious friends in the industry, including mortgage brokers).
What will happen is that for the next year, this stock will take a beating. It has happend numerious times over the past 5-6 years.
Step aside and wati for it to crash. it will. 100%. during the height of the market it should have been at $50 but is now at 26.
Buy back in when it drops to HOPEFULLY 10 bucks and you are now looking at 2x-5x potential.
The company will do more share buybacks and get its count to WAY lower share volumes than 6 years ago. a solid company that will overdeliver when the real estate market heats up again.
Be patient with this one, buy at the lowest and you're in for some sweet money!