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

Home Capital Group Stock Symbol: HCG-T

Notes:mortgages

Last Price Recorded: $27.6600 on 2017-03-24

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Date Signal Expert Opinion Price
2017-03-14 SELL Daniel Lloyd

Was Short this in the past and did reasonably well with it. The federal and provincial governments are encroaching further and further into the housing market trying to slow it down. Not sure why you would need to own this. If you need to own a mortgage lender, this is not the one.


Price:
$27.740
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-03-09 COMMENT Teal Linde

Their language changed from pursuing “midterm targets” to “long-term objectives”. They’ve also lowered their EPS outlook from 8%-13% to 7%. The company has matured and this is a natural progression of the Canadian housing market slowing down. Still a very well-run company, it’s just that the market conditions have changed.


Price:
$26.290
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
No
2017-02-22 TOP PICK Jerome Hass

*Short* A very crowded short, and he generally doesn’t like to participate in crowded trades, but makes an exception in this case. There are a lot of Shorts on this, because the US hedge funds use it as a proxy for the Canadian housing market. His view is actually quite neutral on the Canadian housing market. There is a lot of runoff in their portfolio, so just to stand still they have to get at least 14% growth in terms of their number of mortgages. This is because banks have gotten smarter at catering to new immigrants to Canada. Dividend yield of 3.91%. (Analysts’ price target is $29.73.)


Price:
$26.260
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2017-01-09 DON'T BUY Daniel Lloyd

The outlook is dependent on the outlook for Canadian housing, which the government is trying to put the brakes on.  He used to be short, but is not right now.  You are better off owning a bank.


Price:
$30.540
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2016-12-29 COMMENT Jerome Hass

A crowded name on the Short side, but he has been Short on this. It was about a year ago when management announced a clever substantial issuer bid. They didn’t say at what price, but waited for the share price to appreciate, and did it at about $36.70. He questioned if that was efficient use of shareholders’ money. It squeezed a lot of the Shorts, including himself. People need to be cautious about this.


Price:
$31.550
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
No
2016-12-28 COMMENT Norman Levine

This is one he is looking at, but not jumping up and down at the moment. A really well run company in the alternative mortgage field. He has worries about the Canadian housing market.


Price:
$31.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-28 DON'T BUY Teal Linde

The housing boom we have experienced in Canada really started around 2001. This was one these types of companies who where in their heyday. Canadian housing market has exceeded what we have seen in the US, so he feels that the run is done. We are now at a point where there is a higher likelihood that the Canadian housing market is going to flat line or pull back. There are better opportunities elsewhere, where you are not getting in at the end of a 15-year industry boom.


Price:
$29.120
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
UNKNOWN
Owned:
Unknown
2016-11-04 TOP PICK Michael Sprung

This has really fallen out of favour. Last year they had problems with brokers. The origination of loans was in question, as to who they were lent to, and how well they were papered. Now they are hit with a whole change in regulatory issues. This is going to affect the whole industry, not just mortgage providers like this. They have currently been putting a lot of money into systems, modernizing themselves and preparing to be a bit more leaner. An extremely well-managed company. Dividend yield of 4.09%


Price:
$25.440
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-02 COMMENT Veronika Hirsch

Comments on US Shorts? This is very heavily shorted, but she thinks by Canadians as well. They also Short the banks as well, but don’t have as much impact because of the size. Americans continue to believe the Canadian housing market is overvalued and will come to a crying end, and that they will make a lot of money.


Price:
$25.730
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2016-11-01 SPECULATIVE BUY Kash Pashootan

He would be a buyer at these levels, but there is a risk. This has been in the news with Short Sellers. A lot of the Short Sellers were Short Canadian banks, and lost their shirts, and are now sniffing around for something like this company, to try and make a go of it. Doesn’t believe this will return to it historical growth or the valuation of the past, because there is a slowdown in the Canadian market as a whole. The Canadian consumer household debt levels are at the highest they have ever been. Trading at 7X PE, which is attractive. Yield of 3.7%.


Price:
$26.210
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2016-10-27 WATCH Brooke Thackray

There is a lot of flux in that space with everything that has gone on with regulation.  You have this long downward trend that is developing a base and really it is developing a descending triangle. If it breaks above recent highs it is positive, but he would be shying away from it.


Price:
$26.210
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
SELECTIVE
Owned:
Unknown
2016-10-14 DON'T BUY Don Vialoux

Technically this has not been doing well. It is coming down to a fairly important support level, but during the last few months it has been in a downward trend. It has been underperforming the market and has negative momentum. Not a good situation to be in.


Price:
$24.410
Subject:
SEASONAL INVESTING
Bias:
BULLISH
Owned:
Unknown
2016-10-13 COMMENT David Baskin

This got hit with Short selling from the US. Had a misrepresentation problem 21 months ago and none of those mortgages have gone bad. Their loan loss experience on those has been at least as good as the rest of their portfolios. Do the new federal mortgage rules handicap them in any way. Only 8% of their mortgages are insured. The new rules only apply to a very small proportion of their Book, which means they might have a bit of an advantage over some of the other alternative lenders, and even over some of the banks. He estimates the stock is going to make about $4 this year, and is not selling his shares.


Price:
$24.740
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-07 DON'T BUY David Cockfield

You have to recognize that this is a company that operates outside of the banking area. They are off in rural areas and dependent on stuff that the banks won’t take. Thinks people are overemphasizing the risk aspect, because the company has run a good shop over the years. However, he doesn’t think that the atmosphere of concern and distrust is going to disappear anytime soon. Stay away from the area until the stock has a chance to consolidate.


Price:
$24.650
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2016-10-04 DON'T BUY Jerome Hass

Aside from Ottawa’s announcement today and the use of the Short vehicle, this has had some issues. In the last couple of quarters, looking at their originations (new mortgages), they were 29% and 22%, which sounds like very robust growth, but that is not translating into growth of their portfolios and assets under management. The last two quarters their portfolio was up 10% and 12% respectively, which says there is a lot of runoff in their portfolio. It’s the running/stand still that concerns him. He is leery about this name.


Price:
$26.670
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
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