| TOP PICK | 38.200 | Michael Smedley | Housing mortgages. Has had fabulous results. Did not end up in the subprime mess. | 2008-02-21 | |
| TOP PICK | 42.000 | Allan Jacobs | 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. | 2007-10-30 | |
| PAST TOP PICK | 37.850 | David Baskin | 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.
| 2007-10-23 | |
| Comment | 35.500 | John O'Connell, CFA | 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. | 2007-07-31 | |
| HOLD | 39.810 | Michael Smedley | Sub prime Canadian mortgages. Has been on a nice revival. | 2007-05-25 | |
| PAST TOP PICK | 35.000 | David Baskin | (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. | 2007-04-09 | |
| PAST TOP PICK | 35.680 | David Baskin | (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. | 2007-03-14 | |
| PAST TOP PICK | 32.070 | David Baskin | (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. | 2007-02-13 | |
| TOP PICK | 28.670 | David Baskin | 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. | 2006-11-21 | |
| DON'T BUY | 29.010 | Chris Smith | An alternative lender. There has been a lot of damage done to this kind of stock in the US. | 2006-10-25 | |
| TOP PICK | 29.260 | David Baskin | Has come off quite a bit from its peak. Mortgage lender and credit card operator. Has been oversold. | 2006-10-23 | |
| WEAK BUY | 30.000 | Laura Wallace | 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. | 2006-09-22 | |
| HOLD | 30.750 | Brian Acker, CA | This has always been expensive in his model. His model price is $31.80 so it is right on his model price. The model price has been coming down. | 2006-08-31 | |
| BUY | 31.190 | David Baskin | A sub prime mortgage lender, primarily in Ontario. Also has a little credit card operation. Had terrific experience with loan losses as they don't have very many. This has been during a very buoyant housing market. Trading at a much lower price to earnings ratio that was a year ago. | 2006-08-24 | |
| HOLD | 30.400 | Laura Wallace | Very well managed. Likes its niche market. Came off quite sharply when it disappointed on earnings. Trades at a premium to other financial companies. Not sure it can maintain the high historical growth rates. A pause by the Fed in interest rates would be good for it. | 2006-08-21 | |
| DON'T BUY | 30.680 | Robert Floyd | Housing market has been extremely strong for a long time. forecasters are looking for a little bit of a slowdown. This stock could come under a little bit of pressure. | 2006-08-18 | |
| SELL | 30.250 | Bill Carrigan | This is the end of the cycle for financials. The stock is very economy sensitive. | 2006-08-11 | |
| DON'T BUY | 31.170 | Jean-Francois Tardif | Mortgages, mostly sub-prime. The stock is not doing well and with the weakening US housing market, the risk is too high. | 2006-08-08 | |
| BUY | 31.750 | David Baskin | Reported good earnings today. Operates in the sub prime mortgage market. Their record of loan losses has been extraordinarily low. As interest rates rise, activity in the housing sector tends to decline. Also have a growing credit card business. | 2006-07-27 | |
| SELL | 29.380 | Larry Berman CFA, CMT, CTA | Has a fabulous long term structure going back 4/5 years. Shorter term, the risks are there because of exposure to the consumer and housing sector. From a technical perspective, it could get back down to $20. | 2006-07-24 | |
| BUY | 32.750 | Gavin Graham | Provides mortgages for people who don't have an established credit. An interesting area. Could be a takeover target for a large bank. | 2006-07-06 | |
| DON'T BUY | 32.000 | Peter Gibson | 3 companies, Brookfield Asset Management (BAM.A-T), Home Capital (HCG-T) and Kingsway Financial (KFS-T) have been great calls for the last couple of years and all 3, in the last couple of months, have started to show weaker characteristics. Most of it is probably due to higher interest rates and prospects in the real estate market. | 2006-06-22 | |
| TOP PICK | 33.490 | David Baskin | Took a big hit in March, because they announced poorer prospects, going forward. A good one to own at any attractive entry price. | 2006-04-18 | |
| TOP PICK | 33.000 | David Baskin | A very high-quality business. Their lending has been superb in terms of loan losses. Their abilities to find segments and grow have been terrific. Return on equity is unbelievable. A good entry point. | 2006-03-27 | |
| BUY | 34.550 | Laura Wallace | Does mortgage lending that big banks won’t do. Their return on equity has averaged well over 30%. Just had a blow out quarter. Looks reasonable at this level. The big risk would be any weakening in house pricing or some kind of recession. | 2005-12-22 | |
| DON'T BUY | 35.200 | Brian Acker, CA | Is model price is $33.53 which is a negative 5% differential. Has had a nice pullback. | 2005-12-21 | |
| WEAK BUY | 35.510 | John Zechner | Very nervous about this stock. They have made their history on higher risk residential mortgage loans. Looking at where the US housing market is right now, it is so near the edge of cracking and how can that not have an affect on Canada. However these guys have consitantly returned 35% on equity. Trading at 20 X earnings. | 2005-12-12 | |
| PAST TOP PICK | 36.800 | Michael Smedley | (A Top Pick July 20/05. Down 7%.) Still likes. One of the better of the fringe financial companies. | 2005-11-10 | |
| PAST TOP PICK | 38.320 | Michael Smedley | (A Top Pick July 20/05. Down 5%.) Still added to it since July.The senior Canadian company in fringe home financing. | 2005-09-27 | |
| TOP PICK | 39.900 | Michael Smedley | The best company in Canada. Fringe quality mortgages just below that which is acceptable by the banks. No risk to it really. 25% growth on equity every year. | 2005-07-20 | |
| TOP PICK | 36.240 | Matt Baillie | The most interesting stock in the financial area. In the alternative mortgages space which is a big niche market. Doubles its earnings every 9 quarters. Return On Equity (ROE) of 30% which keeps going up. | 2005-03-16 | |
| BUY | 36.870 | Michael Smedley | One of their top holdings. Very solid. | 2005-03-09 | |
| SELL | 33.600 | Jonathen Wellum, B. Comm, B. Sc | Business model is quite solid. Very expensive at a 20 X multiple. If you've done well, take your profit. | 2005-02-04 | |
| BUY on WEAKNESS | 30.800 | Glenn Paradis, BA, CFA | A big fan of this stock. Excellent business and extremely well run. They basically own the market they are in. Very impressive earnings. Should be a few more years of growth. Expects some consolidation at this level. | 2005-01-13 | |
| DON'T BUY | 32.290 | John Zechner | Has hit his target price and has probably gone through it. Has done exceptionally well. Earnings should continue to grow. A little worried about the valuation of the company. | 2004-12-21 | |
| TOP PICK | 30.150 | Matt Baillie | This is the growthiest financial play in Canada. In the niche mortgage area where the trust companies used to be. Feels it will continue to grow at 25% earnings, 25% mortgages increases. Its return on equity is 30%. Not expensive. | 2004-12-10 | |
| VAGUE | 26.500 | David Baskin | Love the stock, but the big question is "Does the stock have more to run?". P/E and Price to Book are way out of line with the rest of the financial group, but their return on equity is unbelievable. Spectacular growth rate. No loan losses. | 2004-11-22 | |
| TOP PICK | 23.960 | Matt Baillie | Mortgages are a pretty safe bet. An ROE of about 30%. Conservative management. | 2004-10-22 | |
| BUY on WEAKNESS | 23.250 | Bruce Campbell | Have an amazing track record of growing 20% and have done it in times when interest rates were higher. Will probably see the growth rate has slowly decline. Has been priced four perfection so wait for a pullback. | 2004-04-29 | |
| BUY | 22.750 | David Baskin | Terrific management. Has one of the best loan/loss ratios. Because of the drop, it's well priced now. | 2004-04-13 | |
| BUY | 24.000 | Peter Hodson | There may be a pause. Had an unbelievable run. Mortgage market continues to be strong. Not one you have to worry about. | 2004-04-08 | |
| WATCH | 24.400 | Michael Sprung | Dont understand decline. Dont own. Would buy at the right price. | 2004-03-30 | |
| DON'T BUY | 25.800 | Ed Ho | Really like the business model is well as the management. No longer a cheap stock. | 2004-03-24 | |
| BUY | 23.120 | Norman Levine | A very conservatively run business. The outlook is excellent. Mortgage business is growing and as they become better known they will steal market share from others. | 2004-02-23 | |
| PAST TOP PICK | 18.000 | David Baskin | (A past top pick Sept 29/03. Up 42%.) Recently split. This should help with liquidity. A tremendous record of credit quality | 2004-01-22 | |
| DON'T BUY | 29.750 | David Taylor, MBA, CFA | Has done exceptionally well. Fully priced now. | 2003-11-17 | |
| PAST TOP PICK | 28.900 | David Baskin | (Top pick Sept 29/03. Up 14.2%.) Very strong management. Low loan losses. Growing rapidly. | 2003-10-28 | |
| TOP PICK | 25.400 | David Baskin | Small financial institution. Beating the banks on mortgages. Making good spreads. Terrific credit history. Very low loan-loss provisions. Growing rapidly. Possible acquisition. | 2003-09-29 | |
| PAST TOP PICK | 9.000 | Bruce Cooper | (Was a top pick on Apr 17 up 31%) Good company. Low risk. Earnings have grown over 20%. Trades at 8/9 X earnings. | 2001-11-29 | |
| TOP PICK | 6.700 | Bruce Cooper | Loss rates are low. 9 X earnings. Dividend. Good cash. Good market niche. | 2001-04-17 | |
Experts that have talked about Home Capital Group
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