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Compiling comments that experts make about stocks while on public TV.

Home Capital Group Stock Symbol: HCG-T

Notes:mortgages

Last Price Recorded: $13.5100 on 2017-10-20

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Date Signal Expert Opinion Price
2017-10-06 COMMENT John Zechner

Doesn’t think there is any money to be made in this. There are a lot of people more bullish on the stock than he is. Their capital issues have gone aside. They have the new investors and new management. His problem is the business model. It is a funding issue. The cost of financing has gone up, and he thinks the spread is tight, so where do they make money going forward?


Price:
$13.790
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-10-05 TOP PICK Ross Healy

He had been anxious to see how diluted the BV was going to be. Actually, not much happened. The balance sheet remains pretty much intact. Now that all the rubbish is behind them, the company can do what they were doing. Analysts are starting to get a little friskier with their earnings forecasts. In the next 6-12 months, he thinks we are going to see more and more upside momentum. On top of that, they may very well reinstate part of the dividend. The stock is trading at a huge discount to Book. (Analysts’ price target is $17.)


Price:
$13.820
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-09-13 PAST TOP PICK Michael Sprung

(A Top Pick Nov 4/16. Down 43%.) The whole market was somewhat askance at how the situation on this was handled. It literally caused a run on the bank. Also, for a while, it was tenuous as to whether this would survive. It fell so fast, that he decided not to dump his shares. His feeling was that the fundamentals of this business were still intact. They’ve managed to execute a recovery which was very astute. This was followed by Warren Buffett stepping in, and funding costs started going down. Recently announced they were going to stop paying some of the excessive rates they were paying on GICs, etc. He is still buying shares.


Price:
$14.030
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2017-09-08 COMMENT Don Vialoux

Seasonality does not apply to this because of all the things that have been going on during the last few months. Technically, there has been a low on the stock, followed by a Buffet bump and the stock reached what seems to be an overhead resistance level. There is basically a trading range now, and it wouldn’t be unusual for that range to stay there for quite a while.


Price:
$13.610
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-09-05 COMMENT Michael Smedley

This will probably motor up, because it was an extraordinarily important core company in the lower end of the mortgage market. There was a smell in the company, and new management came in. Quite often when new management moves towards the smell, it often later exits. Canadian Western Bank (CWB-T) seems to be taking some of their business.


Price:
$13.730
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-30 HOLD Brian Madden

This has been a battleground stock over the last year. There has been a lot of controversy, which culminated with an infusion of capital from Warren Buffett. The trouble was entirely of their own creation. They are going to survive and they have new management. The dividend is not likely to be reinstated anytime soon. He would prefer Canadian banks instead.


Price:
$13.360
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-21 WEAK BUY Fabrice Taylor

[Non-caller Question - news headline regarding class action settlement prompted host question]  They recapitalized themselves.  A ruling was made today on their lawsuit.  This is probably the last thing they had to do to clean up.  They were caught because they did business with these guys, caught it and then did not disclose it.  The damage did more harm than the discloser.  He thinks the shorts may be wrong in this one.


Price:
$13.020
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-08-03 COMMENT John Stephenson

Looking out 12 months, this is probably an attractive name. The company is doing all the right things in terms of their board and a new president. It might be a bit of a grind higher from here. The easy money has been made.


Price:
$13.860
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-07-27 BUY on WEAKNESS Andrey Omelchak

He believes the bad news is in the equation.  Warren Buffet has come in and provided capital for them to deploy into mortgages and this has really improved their situation.  The worst is behind them.


Price:
$14.020
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-24 DON'T BUY Keith Richards

This looks like a “traders stock” and could be a great trade. There is the potential that it could get up to its downward trend line. A riskier trade than what he would want to be involved in, because the big picture is Down. You will have to be a very quick and agile trader to work with these stocks.


Price:
$13.510
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 TOP PICK Ross Healy

This is back to being a company and not a rank speculation like it was a couple of months ago. There is nothing wrong with the balance sheet. A bunch of American speculators drove this company into the ground. In a couple of quarters, we should start seeing a bounce back in earnings, as well as dividends. (Analysts’ price target is $17.63.)


Price:
$13.310
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-07-17 DON'T BUY Brendan Caldwell

It was one of those stocks that just kept getting more and more extended.  He exited 2 or 3 years ago.  The buffet injection of cash is a good thing.  It is a case of how much the culture and the company has to transform.  You are also looking at an interesting time in the Canadian housing market. 


Price:
$14.340
Subject:
CANADIAN VALUE
Bias:
SELECTIVE
Owned:
No
2017-07-12 COMMENT Christine Poole

Just announced a new CEO and he has to reassess the strategy. They still have to stabilize their funding sources. They are offering higher rates for their GICs to attract funding, which means they are going to have to charge higher rates, meaning the incremental person who is seeking a mortgage, may not be able to afford it if rates are higher. There is still the question of how this business model is going to evolve. She prefers the big banks.


Price:
$14.390
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-04 COMMENT Bruce Campbell (1)

Warren Buffett knows his name adds credibility, and this company needed credibility, so him going into this was a perfect match. BV, diluted for the 1st tranche, is about $19. It is very levered. He would rather sleep at night and own a bank than he would this.


Price:
$17.000
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-06-27 DON'T BUY Lyle Stein

Warren Buffett’s announcement came out and the stock rallied, which he contributed to Short rallying. Now the question comes down to valuation. This company has a BV of about $19, and currently seems to be settling down below that. He is not interested in the stock at this price.


Price:
$16.220
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
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