Viewing Opinion | StockChase
stockchase picture

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

2017-05-08

Opinion for Home Capital Group (HCG-T)

Signal Price Bias Subject Owned
TOP PICK $6.830 BEARISH NORTH AMERICAN - LARGE Yes

It is for speculative money.  It is not a stupid speculation however.  It is at about 20% of its book value.  What is wrong with the company is a loss of confidence, not quality of assets.  The news of bad mortgages are from about two years ago.  Those mortgages are now so far out of water due to real estate appreciation.  Hedged fund managers have been hammering on Canadian banks and our real estate market.  (Analysts’ target: $14.00).

Ross Healy
Chairman, Strategic Analysis Corp http://www.strategicanalysis.ca/

1 Comment

Al

June 15th 2017 at 5:35pm

Doubled in a month, very nice call!


You must be logged in to comment.