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

2017-09-13

Opinion for Home Capital Group (HCG-T)

Signal Price Bias Subject Owned
PAST TOP PICK $14.030 CAUTIOUS CANADIAN LARGE Yes

(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.

Michael Sprung
President, Sprung Investment Management http://www.sprunginvestment.com/

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