SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech
HomeCapital (HCAP) -- beaten down
An SI Board Since March 1998
Posts SubjectMarks Bans Symbol
15 1 0 HCAP
Emcee:  Labrador Type:  Unmoderated
Austin-based Title One lender was predicted to make 65 cents for 1998. Yesterday (3/25/98) lost there contract to sell loans to Fannie Mae. Stock price cut in half to $1.38.

Can this stock make it -- the company says that they will be in default on their bank lines.

Obvious problems with this company -- performs securitizations and transfers most of the risk to 3rd parties.

The question is can they make it back. If they can, this $1 and change stock will be over $5 -- if not, toast. But the franchise value must be worth something.
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
15 You are responding to a 7 month old post. What turnaround are you talking abouscott bradley-1/6/1999
14 looks like a classic turn around situation to me I'm in!!David Sirk-1/5/1999
13 Anybody have any idea why the stock rose 66% today? Not really above average vtahoeman-7/9/1998
12 unfortunately, i stopped following HCAP. i suspect that this company is toast. Labrador-6/8/1998
11 Is this company dead in the water, Bob? Lee N-6/8/1998
10 Late Friday, HCAP filed a statement as to why their 10-Q will not be filed on tLabrador-5/16/1998
9 HCAP is @ 1/4 per Yahoo 11 million outstanding with 700k float. Near 52 weekBob Frey-5/12/1998
8 How prophetic -- bankruptcy today ! Labrador-5/5/1998
7 I think that this company is not going to make it. I have sold out. Be carefuLabrador-5/4/1998
6 FWIW, I just got in @9/32 15K. Like the new mgmnt and potential here. Barney-5/4/1998
5 Wednesday April 1, 6:47 pm Eastern Time Company Press Release HomeCapital InvLabrador-4/2/1998
4 Their book value is $1.40. Their estimated EPS for this year is 0.43c. AnybodyAV-3/29/1998
3 Here I am....... Waiting for more info. THCForYourEyesOnly-3/27/1998
2 Anyone out there reading this?Labrador-3/27/1998
1 Obviously considerable risk to this company. I noted before the substantial noLabrador-3/26/1998
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):