Home Capital Group (HCG.B-TSE) Message Board

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

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To: DaveAu who wrote (32)	1/2/2000 12:20:00 PM
From: sPD	Read Replies (1) of 65

A couple of positives to ponder going into 2000 - expanding beyond Ontario. Now operating in Alta and BC. Seeking approval to operate in Man, Sask, NS and PEI. - HCG's natural target client group, self-employed workers and consultants, are becoming a larger proportion of the workforce - HSL now offering Internet banking, including applying for mortgages over the 'Net - once approved, HSL's conversion to a trust company will allow it to offer even more services - P/E is a low 7.7 in spite of impressive growth record - book value now up to $2.61/share, minimizing downside risk - conservative lending policies have resulted in net impaired loans rates that compare favorably with those of the big banks (e.g. HCG at 0.26% for 1998 while CIBC was at 0.24% and BNS at 0.36%. My core holdings are all in the hi-tech area but I'm convinced that the small-cap value players like Home Capital will also have their turn in the sun.

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