Post by
Scotch12 on Apr 03, 2015 9:49am
Chart etc
I agreee great looking chart.
I think the stock went down after earnings in part because some people are shorting Canadian mortgage companies. I hear a lot of US hedge funds are shorting HCG. They don't understand that Canadian mortgages are a lot stronger and more secure than US ones. A lot of US mortgage companies went bankrupt when their market crashed in 2008. That is unlikely to happen up here but that we are late in the current Canadian housing cycle hangs over the financail sector. How else to you explain that a company like CXS that grew profits by 50% this year, likely will soon get a bank lincece but is selling at 7 times this years earnings?
Comment by
Inuk138 on Apr 03, 2015 10:18am
In term of projection what do you think about the price when they will get the bank license. 7 times this years is it cheap?