Home Capital Group | StockChase
335
Home Capital Group (HCG-T)

Last Price Recorded: $17.0000 on 2017-12-15

ON STOCKCHASE SINCE Apr 2001

mortgages

investment companies/funds
335
Home Capital Group (HCG-T)

Last Price Recorded: $17.0000 on 2017-12-15

ON STOCKCHASE SINCE Apr 2001

mortgages

investment companies/funds

Home Capital Group


Signal Opinion Expert
SELL
Home Capital Group(HCG-T) 

December 4, 2017

It has been on his radar for a long time.  It has always been puzzling that they traded at a high single digit PE ratio.  They seem to be chronically undervalued.  He regretted not owning it and then everything blew up.  Warren Buffet is now a large equity holder of it.  There is obviously something they like but he thinks there are better opportunities.  He would steer clear for now, although he is impressed with the concept of the space.

investment companies/funds

It has been on his radar for a long time.  It has always been puzzling that they traded at a high single digit PE ratio.  They seem to be chronically undervalued.  He regretted not owning it and then everything blew up.  Warren Buffet is now a large equity holder of it.  There is obviously something they like but he thinks there are better opportunities.  He would steer clear for now, although he is impressed with the concept of the space.

investment companies/funds
Jason Del Vicario

Portfolio Manager, HollisWealth...

PricePrice
$17.160
Owned Owned
No

COMMENT
Home Capital Group(HCG-T) 

November 23, 2017

Chart shows a series of lower highs from 2015 on. It has stopped making a lower low, so maybe there is hope. However, you need to make a higher high first. It will be difficult for this to get back up.

investment companies/funds

Chart shows a series of lower highs from 2015 on. It has stopped making a lower low, so maybe there is hope. However, you need to make a higher high first. It will be difficult for this to get back up.

investment companies/funds
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$16.150
Owned Owned
Unknown

COMMENT
Home Capital Group(HCG-T) 

November 13, 2017

(Market Call Minute.) Has been struggling since the little disaster they had in the spring. Higher activity in the mortgage market by the government. He would either Hold or stay away. 

investment companies/funds

(Market Call Minute.) Has been struggling since the little disaster they had in the spring. Higher activity in the mortgage market by the government. He would either Hold or stay away. 

investment companies/funds
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$14.330
Owned Owned
Unknown

DON'T BUY
Home Capital Group(HCG-T) 

November 1, 2017

You have to ask yourself why you are buying this. Is it for the yield or share price appreciation? If the yield, there are a lot of other places where you could get a similar yield, or even a better one. On share price appreciation, there is a lot of risk. If you are okay with the speculative nature, then maybe take a half position and hope to strike it right before things turn around. There are still lots of questions on this stock in terms of the business itself. Also, they are in a sector that is feeling pressure from rising interest rates, high household levels of debt. He wouldn't be a buyer. Keep it boring and get a lot of safety at the same time by looking at Canadian banks, or even the US banks.

investment companies/funds

You have to ask yourself why you are buying this. Is it for the yield or share price appreciation? If the yield, there are a lot of other places where you could get a similar yield, or even a better one. On share price appreciation, there is a lot of risk. If you are okay with the speculative nature, then maybe take a half position and hope to strike it right before things turn around. There are still lots of questions on this stock in terms of the business itself. Also, they are in a sector that is feeling pressure from rising interest rates, high household levels of debt. He wouldn't be a buyer. Keep it boring and get a lot of safety at the same time by looking at Canadian banks, or even the US banks.

investment companies/funds
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$13.830
Owned Owned
Unknown

COMMENT
Home Capital Group(HCG-T) 

October 25, 2017

Has been in a kind of whirlwind in the last 6 months or so. Warren Buffett came in with a lifeline, and gave them a new lease on life. New regulations are being introduced in the housing market, which will have a little impact on their business. He would rather own a safer name such as a bank.

investment companies/funds

Has been in a kind of whirlwind in the last 6 months or so. Warren Buffett came in with a lifeline, and gave them a new lease on life. New regulations are being introduced in the housing market, which will have a little impact on their business. He would rather own a safer name such as a bank.

investment companies/funds
Cole Kachur

Senior Wealth Advisor, ScotiaWealth Managem...

PricePrice
$13.530
Owned Owned
No

COMMENT
Home Capital Group(HCG-T) 

October 6, 2017

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?

investment companies/funds

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?

investment companies/funds
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$13.790
Owned Owned
No

TOP PICK
Home Capital Group(HCG-T) 

October 5, 2017

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.)

investment companies/funds

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.)

investment companies/funds
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$13.820
Owned Owned
Yes

PAST TOP PICK
Home Capital Group(HCG-T) 

September 13, 2017

(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.

investment companies/funds

(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.

investment companies/funds
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$14.030
Owned Owned
Yes

COMMENT
Home Capital Group(HCG-T) 

September 8, 2017

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.

investment companies/funds

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.

investment companies/funds
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$13.610
Owned Owned
Unknown

COMMENT
Home Capital Group(HCG-T) 

September 5, 2017

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.

investment companies/funds

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.

investment companies/funds
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$13.730
Owned Owned
Unknown

HOLD
Home Capital Group(HCG-T) 

August 30, 2017

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.

investment companies/funds

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.

investment companies/funds
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$13.360
Owned Owned
Unknown

WEAK BUY
Home Capital Group(HCG-T) 

August 21, 2017

[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.

investment companies/funds

[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.

investment companies/funds
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$13.020
Owned Owned
Unknown

COMMENT
Home Capital Group(HCG-T) 

August 3, 2017

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.

investment companies/funds

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.

investment companies/funds
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$13.860
Owned Owned
Unknown

BUY on WEAKNESS

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.

investment companies/funds

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.

investment companies/funds
Andrey Omelchak

President & CIO, LionGuard Capital Ma...

PricePrice
$14.020
Owned Owned
Unknown

DON'T BUY

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.

investment companies/funds

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.

investment companies/funds
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$13.510
Owned Owned
Unknown

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