Your faith has handed you a 20% gain

Article Excerpt

If you took our advice and held Home Capital during its 2017 liquidity crisis, your patience has been rewarded. The stock has recovered those losses, and is in fact now up 20% since before its big drop. Even so, we continue to keep a close eye on this aggressive pick for our subscribers to protect your gains. HOME CAPITAL GROUP INC. $33 remains a worthwhile hold for aggressive investors. The stock (Toronto symbol HCG; Aggressive Growth Portfolio, Finance sector; Shares o/s: 57.3 million; Market cap: $1.9 billion; P/S ratio: 4.6; Dividend suspended in May 2017; TSINetwork Rating: Speculative; www.homecapital.com) lets you tap a mortgage lender serving borrowers who fail to meet the stricter standards of big banks and traditional lenders. Despite your share-price plunge to below $6 in April 2017 (due to allegations that mortgage brokers submitted loan applications with falsified income statements), the stock has rebounded strongly. That reflects the company’s finding that the loans in question were all sound. Home Capital also secured…

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