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Gold/Mining/Energy : Home Capital Group (HCG.B-TSE)

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To: DaveAu who wrote (4)	1/1/1999 10:36:00 PM
From: Clement	Read Replies (1) of 65

Bluejay, Wow -- you must have held for quite sometime. Congratulations I'm very much for being a "boring investor" myself... makes for much happier returns. Yeah I didn't think anyone would drop into this thread since it is so boring -- but I like those consistent returns. I'm very much a Peter Lynch fan myself. I figure for stocks like HCG, eventually the market will come around to realising true value. The p/e multiple is ridiculous for the earnings growth rate it has. In fact, Gofer and I have had our acquintance through DFX-t, I think he got it cheaper than I did but I got in at 1.50. HCG has some of the same characteristics as dfx (not that I'm saying that it's poised for such a breath taking ride)... At 50M cap, and if it is able to maintain its growth rate, it shouldn't be long before it shows up on radarscreens of more institutions. Actually, that's how I first learned of HCG -- a newsarticle about some fund's holdings and they mentioned several stocks (I think it was BT Small Caps or something like that). Since I'm particularly interested in small caps and generally avoid resource and tech stocks, the potential list narrows pretty fast of stocks to invest in. I notice you're strongly into (or at least participating in) biotechs. Do you have any other "boring" stocks that you're hiding in your drawer? I talked to the CFO and he mentioned that HCG is changing its strategy from only making short term loans to making longer term -- and likely riskier loans. The loans will also be more profitable -- this will open up a new market for them and given their ability to manage risk, an undoubtedly new era of profitability. Clement

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