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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: $16.2200 on 2017-06-27

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Date Signal Expert Opinion Price
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
2017-06-23 COMMENT James Hodgins

There were some lax lending practices, and some prior relationships with mortgage brokers that had fudged the numbers. When the tide goes out on the Canadian housing market, there will be a lag factor of about 6 months on prices. When it goes, there will be a huge recession in Canada. He has Shorted this in the past.


Price:
$18.610
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
BEARISH
Owned:
No
2017-06-16 COMMENT Norman Levine

With the settlement of the financing, it looks like they are going to survive. They won’t be going back to where they were. It doesn’t fit his risk profile for his clients. If you are a risk taker, it is probably not a bad risk here, but it is going to be exceedingly volatile, and you have to be prepared for that.


Price:
$14.250
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-06-12 DON'T BUY Keith Richards

He would not buy it.  There are fundamentally some uncertainties you don’t know about.  You could trade it.  It could get back to $20 as a point of resistance, perhaps.  It has been in a down trend for some time.


Price:
$12.160
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-06-08 DON'T BUY Benj Gallander

It is all in the news and had a blow off in the last little while.  Potentially he could buy it after watching it for 6 months as he always does.  He would wait a bit and see if other shoes drop.  The cost for them to survive was incredibly high. However, he is wary of it right now, and wouldn't be a buyer at this level.


Price:
$10.890
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
No
2017-06-07 COMMENT Kash Pashootan

There are still lots of uncertainties. If you are buying it now, there is a significant component of speculation. It is a little too rich for him, in terms of a risk.


Price:
$9.640
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
No
2017-05-30 COMMENT Fabrice Taylor

The OSC had better be right, because if it turns out they are wrong, what are they going to say to shareholders who lost so much value on the back of a news release. There were a lot of short-sellers, who were not right. What brought the company down was a run on the bank caused by regulatory scrutiny that arose from some poor disclosure on their part. The short-sellers are using their recent victory to attack other companies.


Price:
$9.140
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-05-29 COMMENT Teal Linde

CDIC insurance of their GICs.  If they are insured he does not have problems with them.  HGC-T is described as a subprime lender, similar to those US, but they are not quite subprime.  The stock collapsed because of a run on the bank.  Turn arounds in these kinds of stocks are a tough story.


Price:
$9.160
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
SELECTIVE
Owned:
Unknown
2017-05-29 COMMENT Colin Stewart

Feels all the news we have been getting lately is an attempt at ultra-transparency, and is not sure this is the perfect strategy. If you get a “run on the bank” type of situation, which we are seeing with this one, people lose confidence and the depositors cash in. Feels that they are attempting to restore confidence. A very difficult situation.


Price:
$9.160
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
UNKNOWN
Owned:
Unknown
2017-05-24 COMMENT Brian Madden

A company that is rapidly unravelling. They are effectively operating without an executive management team. It’s not normal for a bank or a trust company to press release their deposit book every single day. They are doing that to try and shore up confidence in the business.


Price:
$8.990
Subject:
CANADIAN EQUITIES, FIXED INCOME & ASSET ALLOCATION
Bias:
UNKNOWN
Owned:
Unknown
2017-05-23 DON'T BUY David Burrows

He tries to buy things that are good and are getting better. When you have things like a CEO being fired, and an OSC investigation, these are open ended issues. You get credit downgraded and potential for further downgrades. Unless you are a died in the wool value investor, this company would be a tough thing to be a purchaser of.


Price:
$9.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-05-16 DON'T BUY Christine Poole

Wouldn’t be a buyer of this. It is down a lot, but that doesn’t mean it is cheap. Visibility is very poor. What happens when they finally draw on that full credit facility? That credit facility is very expensive, so they are losing money every time they have to draw on it.


Price:
$8.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-15 DON'T BUY Bruce Campbell (1)

He never owned this, because he could never understand how their loan-loss percentages on their mortgage book could be lower than those on Canadian banks’. This is more of a liability problem than an asset problem, in that it appears that it is just funding. They will fix that over time and it will blow over. Wouldn’t be a buyer until he could be convinced that the fraud and the OSC investigation is all over with.


Price:
$9.170
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-05-15 COMMENT Larry Berman CFA, CMT, CTA

Alan Greenspan, Ben Bernarchi, Janet Yellin have all said things are contained, and housing isn’t an issue. They all say this, because they have to say that. The difference between Canada and the US’s housing bubble years ago, was the tie-in of massive amounts of derivatives to the broad housing sector. Canada doesn’t have that degree of systemic risk, by a long shot. However, if this goes under, it could have ripple effects. There are issues here, and it is probably not over yet. It is a funding story, not a mortgage default story.


Price:
$9.170
Subject:
STOCKS & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-11 COMMENT John Hood

It is totally speculative at this stage.  He is not following it except in the news paper.  There is an effort to make sure there is no perception of a potential contagion going through to other sub-prime lenders. 


Price:
$10.810
Subject:
OPTIONS & ETFs
Bias:
BULLISH on US MARKET
Owned:
Unknown
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