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

An SI Board Since August 1998

Posts	SubjectMarks	Bans
65	1	0

Emcee: Clement	Type: Unmoderated

Introduction Compact

Home Capital Group is a financial institution that specialises in first home mortgages for riskier individuals based in Toronto. Currently, the company has a following of two brokers: HSBC James Capel and Sprott Securities.

Home Capital is able to charge a premium on their mortgages while managing risk by limiting to first home mortgages (should there be a default they can claim the home) to a maximum of 75% of the appraised value of the homes and conducting rigorous background checks. According to a FP article (August 19, 1998, Investing Page 15): "The most common reason for rejection by the big banks is that the applicant is self-employed and deemed too risky under banking guidelines. Self-employment has grown dramatically in Canada in recent years, with some projections hinting at 20% growth in the demographic group over the next five years."

HCG is embarking on an expansion in Western Canada and currently has few competitors. Currently trading at 7.05 p/e trailing earnings, the firm's ROE advanced from 20.6% from 12.3% last year, making it undervalued by several measures.

Its website can be found at homecapital.com
Its subsidiary (where most of the business is conducted) can be found at hslcorp.com

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
65	I did similiar. Still a great company but it's no longer cheap or undiscover	DaveAu	-	9/27/2005
64	No posts for 2 years, sold appx 75% of my original holding over last year and ma	Scott Mc	-	9/27/2005
63	Hi Gofer, They really blew the doors off this quarter. The best thing about t	DaveAu	-	10/23/2003
62	OK, everyone back to sleep ...	Gofer	-	10/23/2003
61	Home Capital cited as "best franchise in the Canadian financial services in	Gofer	-	10/23/2003
60	Home Capital Reports Robust Growth In Earnings and Assets TORONTO, Oct. 23	Gofer	-	10/23/2003
59	yup unbelievable, thats why I haven't added when its down, my average price	Scott Mc	-	10/27/2002
58	Hi Scott, Another great quarter (thats 29 in a row and counting). Amazing that	DaveAu	-	10/26/2002
57	ZZZZ....	Scott Mc	-	10/26/2002
56	Still looking good....	Scott Mc	-	7/6/2002
55	Hi Gofer, Yes. Still in. Still loving it. It's the largest holding I have (	DaveAu	-	4/29/2002
54	You still in HCG.b Bluejay? I may be in this stock for a loooong time. Home Ca	Gofer	-	4/29/2002
53	Volume over 100,000 and a new high today. A very good sign with earnings due out	DaveAu	-	4/30/2001
52	Still here, it has rewarded us very, very well over the past 12 months. .	sPD	-	4/1/2001
51	Anyone still here ? Nice feature on HCG in Friday's National Post: national	DaveAu	-	3/31/2001
50	Another excellent quarter. The latest quarter earnings are up 38% from last year	DaveAu	-	2/10/2001
49	Hi Gordo, I haven't heard anything. It may be part of the move to value sto	DaveAu	-	10/3/2000
48	This stock is really moving the last couple of days. Anyone know of any rumors	Gordo	-	10/3/2000
47	New high today. Is anybody (in) Home? The whole financial services sector has b	DaveAu	-	8/16/2000
46	The new secured Visa is being launched. There was an article on it last week in	DaveAu	-	8/14/2000
45	Another excellent quarterly report: newswire.ca Home Capital reports strong se	DaveAu	-	7/20/2000
44	Did anyone get out to the meeting last week ? Things seem to be going well -	DaveAu	-	5/28/2000
43	Ho-hum, another excellent quarter: Home Capital Group achieves record first qu	DaveAu	-	4/26/2000
42	Analyst reaction: Home Capital Grp. Maintained `Strong Buy' at Sprott	DaveAu	-	3/29/2000
41	Any thoughts of whether or not Home Capital Trust will attempt to take advantag	Clement	-	3/28/2000

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