Home Capital Group Inc T.HCG

Smith Financial To Acquire Home Capital Group For $44 Per Sh

[AwareInvestor]

Home Capital Group is going private. The firm this morning revealed that it has entered into a definitive agreement to be acquired by Smith Financial Corporation, which is controlled by Stephen Smith.

https://thedeepdive.ca/smith-financial-to-acquire-home-capital-group-for-44-per-share/

[GnuckyT]

Nice! Been holding for years average 13.50.  Ever since that pig farmer was shorting the stock (remember him LOL). Disappointed that Buffet didn't buy this but still a sale.  For shame to those who ridculed me for holding this instead of a bank stock.  May sell at 42.25 to get into other stocks if there are other opportunities before the closing date. Congrats longs!

[jx7000]

Congrats. I, too, was a shareholder in May 2017 when that failed-hedge-fund-manager-turned-pig farmer shorted the stock down to under $6. I averaged down back then and got out with a decent profit, then got back in and out later. Just a lesson to anybody that listens to the mainstream media: they are very capable of manipulating a stock price. Everybody jumped on the shorter's bandwagon except