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Home Capital Group Stock Symbol: HCG-T

Notes:mortgages

Last Price Recorded: $43.1600 on 2015-07-06

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Date Signal Expert Opinion Price
2015-06-23 COMMENT Paul Taylor

Tied to the vagaries of the Canadian housing market.  It is highly regional.  It is well run.  There has been a big short position on this one.  A lot of it he argues is ill-informed US investors who believe the Canadian housing market is in bubble territory.  He believes we will soft land in real estate in Canada and this won’t affect HCG-T much.


Price:
$42.200
Subject:
CANADIAN
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-06-09 COMMENT Christine Poole

Focused on Canadian housing for mortgage lending. Have done a very good job. She doesn’t expect a housing collapse, but probably a flattening out of the growth rate, which will be regionally based. For a financial exposure, she would much rather buy a Canadian bank that has a more diversified revenue stream. 2.1% dividend yield.


Price:
$41.780
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-06-04 COMMENT Mike S. Newton, CIM FCSI

A mortgage lender that works outside the world of the big Canadian banks. Yielding about 2% and year-to-date it is down about 12%. If interest rates go up, it could work well for their interests. He would probably be interested in looking at the name.


Price:
$42.330
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH
Owned:
No
2015-05-28 HOLD Patrick Horan

It is okay to hold this stock.  It is a derivative of oil because of the momentum out of Western Canada.  He thinks we are at $50-60 this year and $60-70 next year.  At that rate Calgary will do ‘okay’.  Then there will always be a discount on this stock.  He was short at the beginning of this year, but is not any longer.


Price:
$42.200
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-05-25 WATCH Jason Mann

He does not hold it because of a lack of price momentum.  It has always been a favourite of US short sellers.  The valuation is not bad and they have a good history of return on equity.  They recently missed on one of their quarters and is probably why it fell off.


Price:
$42.640
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
No
2015-05-14 BUY Allan Meyer

Great company, very, very efficient in the way they use their money.  They are so well financed so if there is a drop in home prices they will still be okay.  It is a decent entry point here.


Price:
$43.010
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2015-05-12 PAST TOP PICK David Baskin

(A Top Pick May 9/14. Down 5.49%.) Had the rap before this quarter of been an alternative lender, and therefore subject to high loan losses and loose credit standards, so people gave it a low price earnings multiple. This quarter, their loan losses were lower than any of the banks, but there mortgage originations were down because they tightened their credit standards, so the market sold off because it didn’t have any growth. Very prudent lenders, and their credit history is excellent. Their growth is good and their return on equity is close to 20%.


Price:
$43.280
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-05-06 COMMENT Jason Donville

Has never sold a share and it is a great long-term investment.


Price:
$45.680
Subject:
GROWTH STOCKS
Bias:
UNKNOWN
Owned:
Yes
2015-04-22 COMMENT Jerome Hass

This is a prime target that US hedge funds use if they want to Short the Canadian housing market. The reason is that banks are not as focused on the housing market.  A great company and very well-managed. They had 2 quarters where there were misses, and the share price reacted quite negatively. Good company, but just expensive at times.


Price:
$45.130
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2015-04-21 COMMENT John O'Connell, CFA

Seems to be a large short position. Considering they missed their last 2 earnings, what do you anticipate in the next 6 months? Short sellers aren’t dumb and they’ve done their homework. It is true that this company could get into trouble at some point. This is a bet on the housing market. For most Canadians that have their net worth tied up in housing, it is probably not really necessary for you to double up on your personal portfolio by owning an investment such as this. It has been a very well-run company and has been very profitable. If the housing market continues to perform well and this company continues to execute well, the short Squeeze could cause the stock to pop when short sellers try to cover. Doesn’t think Canadian investors should be making bets on derivative plays associated with the Canadian housing market.


Price:
$45.900
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2015-04-14 COMMENT Christine Poole

Bank of Nova Scotia (BNS-T) or Home Capital Group (HCG-T)? Mainly focused on Canadian housing. It has a lower dividend then Scotia. Both stocks have pulled back. Her preference would be Scotia, because of their diverse business base.


Price:
$45.800
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-03-31 DON'T BUY Paul Gardner, CFA

Would not want to own this in this late stage housing cycle. They deal with the subprime market. Recently missed their earnings. This space is a very competitive market.


Price:
$42.560
Subject:
LARGE CAP DIVIDEND PLAYERS, REITs & FIXED INCOME
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2015-03-12 HOLD Christine Poole

Residential non-bank lending.  They have done well.  We are still seeing robust activity in Toronto and Vancouver in the housing sector.  HCG has different businesses.  But she would prefer a big bank because they are not so concentrated.


Price:
$41.460
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2015-03-09 TOP PICK Teal Linde

Biggest non-bank lender in Canada.  Customers don’t have 3 years of stable income which the banks like to see.  It is selling off because of energy concerns.  But it picks and chooses its regions and they have less than 4% exposure to Alberta, Saskatchewan and Newfoundland.  The sell off is a buying opportunity.


Price:
$42.850
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2015-02-13 COMMENT Brendan Caldwell

Non-conventional lending, but not high risk. The stock did very, very well for a long time, but valuations got a bit extended and he sold his holdings. Trading at nearly all-time highs. If you like what they do and you like financial services in general, some of the non-bank financials will continue to do very well.


Price:
$43.470
Subject:
CANADIAN VALUE
Bias:
BULLISH
Owned:
No
Showing 1 to 15 of 215 entries
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