Home Capital Group (HCG.TO) Buy, Sell or Hold

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Home Capital Group (HCG.TO)

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44.26

-0.00 (0.00%)

as of Sep 1, 2023, 8:00:00 pm Market Open.

104 watching

DON'T BUY

Doing reasonably well. Still growing and well managed. Has a great niche and yet the stock hasn't done a whole lot to make the market interested. Unfortunately, the market is nervous about real estate. It will ultimately do quite well when we come out of this problem. Still thinks the real estate market will be a little bit weak.

DON'T BUY

Involved in the secondary mortgage market and do the loans that the banks won't do. Very good at this and have an excellent record. The market is bothered because we are going into a recession and things are slowing.

BUY

Had a good quarter but was surprised when the stock went down. May have been a “sell on news” situation. Their default rate on mortgages is the best in North America. Good growth rate. Has been oversold. 2.2% yield.

TOP PICK

Housing mortgages. Has had fabulous results. Did not end up in the subprime mess.

TOP PICK

Company has grown 36% a year over the last 13 years and the multiple has gone up. It is a great company. It is an alternative lending company.Their loan losses are low. Gradually getting into lower risk commercial mortgages. Bought around 35.

PAST TOP PICK

Then $28.67 Buying more of it. It's a non-traditional mortgage business. A market the the banks have always found difficult. Their credit loss is very low. The price earnings multiple has move towards the bank range. Thinks it's going to be a steady grower.

COMMENT

It is probably fighting the concerns on what is going to happen to the real estate market. They tend to make higher ratio loans than what most banks do. Stock has held up reasonably well in spite of concerns in the US. They could get hung up faster than the major banks.

HOLD

Sub prime Canadian mortgages. Has been on a nice revival.

PAST TOP PICK

(A Top Pick Nov 21/06. Up 21.7%.) Sub prime mortgage market in Canada, which is very different from the US. Growing credit card division. Still likes.

PAST TOP PICK

(A Top Pick March 27/06. Up 8.1%.) Sub-prime mortgage business. Different then the US in that they land to self-employed, contract workers, etc. Have almost zero loan losses. Have a fast-growing credit card division.

PAST TOP PICK

(A Top Pick Nov 21/06. Up 13.5%.) In the less-then-prime mortgage sector. Has a flawless credit record in Canada. Good credit card division, which is profitable. Still likes.

TOP PICK

Mortgages, mostly for people who banks feel have unstable income. Stock has come down. Feels it was oversold. Growth rate has slowed from 40% to 15%. P/E ratio has come down very sharply and the dividend has gone up.

DON'T BUY

An alternative lender. There has been a lot of damage done to this kind of stock in the US.

TOP PICK

Has come off quite a bit from its peak. Mortgage lender and credit card operator. Has been oversold.

WEAK BUY

Well run company, well capitalized. She likes the strategy this company uses. In the short term stock could be volatile but in the long term it would be okay.

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Home Capital Group (HCG.TO)