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Home Capital Group Stock Symbol: HCG-T

Notes:mortgages

Last Price Recorded: 45.4300 on 2014-04-23 01:14:07

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Date Signal Expert Opinion Price
2014-03-26 COMMENT Brian Acker, CA

There is a lot of value here. His model prices $56, a 27% upside. In all likelihood it will go to $58.25 but it does have risk. At $50.25, he would seriously think about Selling and moving on. He would use this is a Trade more than a Hold in a portfolio.


Price:
$43.610
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-03-21 BUY Norman Levine

Customers are people who have trouble getting loans from banks, not because they have bad credit but because they are entrepreneurs and have all their money tied up in their business, or immigrants who don’t have the greatest credit history. Management is really good. Thinks there is more upside over the next 12 months. A long-term stock that you want to own.


Price:
$44.280
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-03-18 COMMENT Jason Donville

There tends to be a market seasonality where it is strong until March, April, May. Then there is a malaise and when the school year starts in September, we get going again. If your investment horizon is 3 months, then you could wait but for a long-term investor who is going to hold this for years, he would stay the course. If you really want to mitigate your risk, do a 3rd today, then in another 30-60 days do another 3rd, etc.


Price:
$44.500
Subject:
GROWTH & FINANCIALS
Bias:
CAUTIOUS
Owned:
Yes
2014-03-10 PAST TOP PICK David Baskin

(A Top Pick Feb 19/13. Up 52.91%.) This is a tremendous company. Have a lot of faith in management. Loan/losses ratios are as good as any other financial institution.


Price:
$87.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on COMMODITIES
Owned:
Yes
2014-02-25 DON'T BUY James Hodgins

He is either really wrong or really early or maybe both.  Can’t recommend any of these subprime mortgage providers.  Canada is between 70 and 80 % overvalued compared to rest of G7.  If housing market pulled back HCG would be worth zero as they have 8 times leverage. He is short a small amount on this.


Price:
$84.460
Subject:
MARKET NEUTRAL INVESTING
Bias:
BEARISH
Owned:
Yes
2014-02-10 COMMENT John Zechner

Not expensive. It’s just not as cheap as it was last summer when Americans were Shorting our banks and this company. He had been aggressively buying this and sold it at around this price level a couple of months ago. Likes the company. Has a high ROE and a niche spot for mortgaging. Easy money has been made. Wouldn’t be surprised if it trades in this range for a while and the earnings have to catch up a little.


Price:
$76.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-01-09 BUY David Baskin

Looking at the balance sheet, he is convinced their loan to value ratio is very reasonable. Even if there was a disaster in Canadian housing, say prices went down 25%-30%, feels this company would still be fully covered on its mortgage book. Have recently opened up a retail deposit taking institution, which will increase their availability of capital at a reasonable price. Excellently run and trading at a lower multiple of earnings. Lower than the banks, but with a higher growth rate but lower dividends.


Price:
$77.300
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Yes
2013-12-27 PAST TOP PICK James Hodgins

(A Top Pick Dec 28/12. Down 37.72%.) 3 Shorts. Covered his Shorts in May and made a profit. He is now layering this trade back on now because the spike in rates in May through August pulled forward demand in the housing market.


Price:
$80.340
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUS
Owned:
Yes
2013-12-19 PAST TOP PICK Peter Imhof

(Top Pick Dec 27/12, Up 35.20%)  He took a little of the table because it was 7% of his fund.  There were a lot of US guys that shorted but they didn’t have a good understanding of this company.  10 times earnings.  Not sure why it is less than the banks.  Earnings are growing so you are going to get a higher stock price.


Price:
$78.110
Subject:
NORTH AMERICAN - SMALL
Bias:
SELECTIVE
Owned:
Yes
2013-12-16 HOLD Bruce Campbell (1)

(Market Call Minute) Recovered nicely. 


Price:
$77.080
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2013-11-26 PAST TOP PICK Todd Johnson

(Top Pick May 15/12, Up 63.69%) was cheap a year ago.  Loan growth has grown earnings and it has risen from a depressed multiple of 6 to about 10, historically 11.  1.5% yield.  Stock should track earnings growth.  No problem holding it going forward. 


Price:
$83.050
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2013-11-26 BUY James Telfser

Likes this a lot. The valuation versus the banks is very compelling at less than 10X earnings. Feels they are one of the best lenders in the country.


Price:
$83.050
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2013-11-11 DON'T BUY Patrick Horan

Sell Bombardier (BBD.B-T) and Buy Home Capital (HCG-T) and come back to Bombardier in 6 months or so? Bombardier is a way better Buy than this one. At some point the Canadian housing cycle is going to slow and all the marginal loans and the marginal people that have these loans are going to get into trouble. At some point we are going to see that multiple capped on this company.


Price:
$79.800
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2013-10-25 TOP PICK Peter Hodson

ROE of 24%. Price is less than 10X earnings. They hardly ever issue stock. All they do it seems is to raise their dividend. He likes the sector, real estate market, interest rates and what they are doing. Credit control and loss ratio is really, really solid. Paradoxically, when the market is bad and banks withdraw credit, they grew their earnings every year of the financial crisis. With this one, you should have a 2-3 year time frame. Yield of 1.45%.


Price:
$77.280
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
BULLISH
Owned:
No
2013-10-18 TOP PICK Jason Donville

He is glad that the US investors that shorted this were dead wrong.  A certain amount has been covered.  It is a great long term investment.  Margins and profitability will bump a little above trend because of changes in accounting requirements they have had to work with in terms of securitization.  Should be a nice Q3/4 and Q1/2 coming up. 


Price:
$75.690
Subject:
GROWTH & FINANCIALS
Bias:
SELECTIVE
Owned:
Yes
Showing 1 to 15 of 176 entries
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