Q: Could I please have your comments on HCG announcement on the board additions announced today? Thx
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I have 2 bonds that I believe are issued by home capital group:
HOME TR DEP NT 3.4% 10DC18 book value- $18,000 market value $16,065 -11.39%
HOME TR DEP NT2.35%24MY17 book value- $18,000 market value $17,460 -3.11%
I was planing to hold until maturity.
Should I be worried if I hold until maturity?
Any thoughts or advice?
HOME TR DEP NT 3.4% 10DC18 book value- $18,000 market value $16,065 -11.39%
HOME TR DEP NT2.35%24MY17 book value- $18,000 market value $17,460 -3.11%
I was planing to hold until maturity.
Should I be worried if I hold until maturity?
Any thoughts or advice?
Q: James Thorne on Market Call had a very strong opinion on the mortgage/home price bubble. The link is
http://www.bnn.ca/market-call/james-thorne-discusses-home-capital~1115987
What do you think of this idea?
Thank You
Peter
http://www.bnn.ca/market-call/james-thorne-discusses-home-capital~1115987
What do you think of this idea?
Thank You
Peter
- Madalena Energy Inc. (MVN)
- General Motors Company (GM)
- Bombardier Inc. Class B Subordinate Voting Shares (BBD.B)
- Home Capital Group Inc. (HCG)
Q: Can I ask your opinion on these stocks. I have holdings and debating whether to cut or hang in and see where they go.
HCG bought at $8
GM bought at $35
MVN bought at .14
BBD bought at $1.90
Thank you for your advice!! Enjoying the membership so far!!
HCG bought at $8
GM bought at $35
MVN bought at .14
BBD bought at $1.90
Thank you for your advice!! Enjoying the membership so far!!
Q: Given the ripples this mess is creating, how long do you think the OSC will take to reach a conclusion? Also, how long before there is clarity on how HCG will unwind? I'm assuming no going concern option here...
Thanks
Peter
Thanks
Peter
Q: Home Trust has a $500,000 face, 2.35% coupon bond trading at 96 that matures in 21 days. With HCG $2B line and current GIC funding what are the risks of this not being paid? If it is not paid how much could one expect to recover?
Q: Terence Corcoran has an excellent article in yesterdays National Post about HCG. I think whoever buys HCG will be getting a great company at a huge discount.
Q: I have owned HCG since 2000.This is a stock I thought I may never sell, but due to circumstances I have considered selling especially after your advise to get out. At what price would you sell as the stock can go up or down 15% in a day? I do not think putting a market price would by wise. I was considering selling at $8.00 per share but the next day the shares were down to about $6.75. Today they are trading at $7.75.
Q: David Taylor was interviewed in the Globe and Mail today. He feels there is value in HCG. His optimism rests on the book value of the company, which he estimates is between $15 and $28 a share. Do you feel this is a reasonable estimate of book value? If so could there be a significant opportunity for brave and patient investors?
Q: Do not own this stock, but will this not be a perfect storm for a class action suit. I can't believe the sites are not full of lawyers advertising.
Thanks
Thanks
Q: can insiders buy at this time.
Q: Hi 5I,
As when anything goes wrong in a specific industry such as HCG and mortgages, many companies may be tarred with the same brush. Is there any company that has fallen just being in the same space as HCG that may be a good under valuation buy? Thank-you
As when anything goes wrong in a specific industry such as HCG and mortgages, many companies may be tarred with the same brush. Is there any company that has fallen just being in the same space as HCG that may be a good under valuation buy? Thank-you
Q: This is related to HCG. Investors are pulling their deposits out of Home Capital. How concerned should I be as I have deposits with EQ bank and Achieva. Do they (and others offering high deposit rates) fall in the same 'concern' bracket? Each is under $100k so are covered by CDIC.
Q: I own some Home Trust notes ( due May17 and Dec18). Are these at risk? Why has the price dropped if they
are due in only a few weeks, is this a bond market looking to take advantage of fear?
are due in only a few weeks, is this a bond market looking to take advantage of fear?
Q: April 29/17 ? asked by david:
Jerome Haas of Lightwater Partners has been shorting HCG successfully for several years
using public info. He points out below that the loan originations were robust concurrently with the loan book decreasing, amongst others.
http://www.bnn.ca/investing/video/home-capital-short-seller-warns-on-the-whole-sector%7E1109205
Jerome Haas of Lightwater Partners has been shorting HCG successfully for several years
using public info. He points out below that the loan originations were robust concurrently with the loan book decreasing, amongst others.
http://www.bnn.ca/investing/video/home-capital-short-seller-warns-on-the-whole-sector%7E1109205
Q: The authorities knew if they dd anything home capital would have issues. I thought it would skate through with a fine and a few firings. Why bring down the whole company? Check the mortgages determine the default rate and then decide what to do.Announce action everyone deserts Home Capital gics and the company swirls into the bowl. Hoop insider probably knows the default rate ponies up the money.Please explain.
Q: Very interesting article. I don't know if you have read it. The World According to a Free-Range Short Seller With Nothing to Lose.
https://www.bloomberg.com/news/features/2017-02-09/the-world-according-to-free-range-short-seller-mark-cohodes
Publish if you wish.
https://www.bloomberg.com/news/features/2017-02-09/the-world-according-to-free-range-short-seller-mark-cohodes
Publish if you wish.
Q: i have sometimes been critical of 5i, i have never owned home capital but have read everything about hcg, i suggest your subscribers read reflections of a fund manager by michael mccloskey on hcg, this was/is a great company brought down by circumstance a lot of which were beyond their control, 5i did nothing wrong in having this stock in its portfolio or recommending it to its members.dave
Q: Hello,
I have read a suggestion that perhaps OSFI or the government might "encourage" a big bank to purchase home capital. Any insight as to what a potential price could be? What metrics do you think someone could base a bid on?
Regards,
Robert
I have read a suggestion that perhaps OSFI or the government might "encourage" a big bank to purchase home capital. Any insight as to what a potential price could be? What metrics do you think someone could base a bid on?
Regards,
Robert
- DH Corporation (DH)
- Concordia Healthcare (CXR)
- Home Capital Group Inc. (HCG)
- Bausch Health Companies Inc. (BHC)
Q: Hello Peter,
With regards to the question posed to you for HCG by one of your members, i can relate to the frustration and disappointment that your team did not see it coming. However, at the same time, as investors, we have to realize that you can only advise based on the data you have available. Past data can be used as input to determine Future company or sector trends, but cannot guarantee success as no one can predict the future. I think it is best to focus on how we can avoid such stocks in the future given great metrics in the past (HCG had high ROE, decent PE etc ) and all of a sudden we start hearing issues with the company. Can you please shed light on what investors can watch for to avoid such pitfalls? I am using your service, watch BNN, read newspapers and other letters along with placing stop losses to minimize downside. From what i have seen, it is best to stick to decent paying dividend stocks like BCE, SLF, Banks, etc Growth stocks just seem to have too much hidden which comes to surface later or they are targets for short sellers. Thanks for your valuable input.
With regards to the question posed to you for HCG by one of your members, i can relate to the frustration and disappointment that your team did not see it coming. However, at the same time, as investors, we have to realize that you can only advise based on the data you have available. Past data can be used as input to determine Future company or sector trends, but cannot guarantee success as no one can predict the future. I think it is best to focus on how we can avoid such stocks in the future given great metrics in the past (HCG had high ROE, decent PE etc ) and all of a sudden we start hearing issues with the company. Can you please shed light on what investors can watch for to avoid such pitfalls? I am using your service, watch BNN, read newspapers and other letters along with placing stop losses to minimize downside. From what i have seen, it is best to stick to decent paying dividend stocks like BCE, SLF, Banks, etc Growth stocks just seem to have too much hidden which comes to surface later or they are targets for short sellers. Thanks for your valuable input.