Q: With the information provided, it seems that the company has no choice but to use a LOC with a very high funding rate. How come they can t offer GIC with well above market rates to fund their current needs and stabilize the situation? Would there be no buyer with cdic protection ? Also, why do they need as much as $2B ? Thank you.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Wow. All that selling. My question is who is brave enough to be on the other side of the trades? How does HCG get itself through 2008 etc with its history and falter like this?
Q: Earnings look good. The stock has been so weak. Will these earnings kick start this company on an upward trend. I am down 20 percent and still holding for better days which seem to be coming.
Q: Hi 5i Team,
Do you know who or what APP Research is? The person BNN had on this morning certainly did not hold back on HCG. In case you missed it, he mentioned liquidation as a distinct probability. Unfortunately, I still hold the stock.
Thanks for your comments.
Do you know who or what APP Research is? The person BNN had on this morning certainly did not hold back on HCG. In case you missed it, he mentioned liquidation as a distinct probability. Unfortunately, I still hold the stock.
Thanks for your comments.
Q: What is causing this 7% drop today?
Q: Thoughts on this pullback and would you be buyers here?
Thanks,
Dave
Thanks,
Dave
Q: With goeasy's large drop today, assuming it's due to a sideswipe of the HCG debacle, is this a time to add to GSY. I know you like this company's growth prospects and have recommended it recently, but my concern is if there is a strong possibility that government may take a closer look at the 'alternative' financial practices given HCG's meltdown. Thanks for your take on this evolving situation!
Q: Does the $2 billion LOC that HCG is hoping to secure today completely negate the run on deposits? It looks like the deposits were roughly $1.4 billion. Are these the only deposits taken by HCG or are there other subsidiaries that are also about to get the same treatment?
Thanks, Peter
Thanks, Peter
Q: Hello, My wife and I have GIC's at Oaken Capital and Oaken Financial (not the exact names but the two banking divisions of Home Capital). We have slightly less than 100K in each of the two laddered GICs. Thus, we assume they are insured. Would Home Capital's fate have an impact on Oaken? Should we be worried? Guess there is not much we could do about it now anyway. Hope we don't have to make an insurance claim. Your thoughts?
Q: What would you do if you were invested in this stock?
Q: I don't own HCG, so I think I'm objective. Don't you think this is a big black eye for the Canadian market? Why doesn't the regulator step up and make clear that the violations committed by management does not mean the company is not viable? Or do they know this, after what, a year and a half of investigating? Instead it allows a publicity-seeking chicken farmer to spread innuendo and essentially create a run on the bank? Just a complete screw up by all involved, IMO.
Thanks,
Alex
Thanks,
Alex
Q: Good morning...your view of the letter issued by CSU CEO last night? What do you read into it? Does it change your view moving forward? Nay projections on growth of stock for the year?
Thanks
Thanks
Q: Good morning...I have held syz for two years with a loss on the stock other than a dividend return but stock down 20%...I have held back on one of my rules of reducing exposure as you hold this company in high regard...I already own abt and it is doing well but am thinking of replacing one half of my exposure to syz with et...do you consider this a prudent move as I hold all of the balanced portfolio and parts of the dividend and growth portfolios and have had very good returns other than syz...I value your opinion in this matter and look forward to you reply...thanks for a great year ...gene
Q: I'm looking at it down 45% today. Buying opportunity? Thanks.
Q: Please comment on this. We have 2 companies in the past 9 months that are mis- managed , or overvalued (or both) yet receive 'B' ( or better) ratings in your evaluation system.
I'm not complaining, but I'm wondering about your thoughts on this. Could there be some ' grade inflation ' at 5i?
I'm not complaining, but I'm wondering about your thoughts on this. Could there be some ' grade inflation ' at 5i?
Q: Hello Peter,
Avigilon has, rather quietly, doubled in price since its lows of this past November. I'm probably almost back to my break-even point. (Though yes, I realize the stock doesn't know that.) Last November, I would have jumped at the chance to get out of the investment 'even'. But if the recent gains portend good things ahead, I'm fine with holding. What are your current thoughts on the company for a longer term hold? Thank you!
Avigilon has, rather quietly, doubled in price since its lows of this past November. I'm probably almost back to my break-even point. (Though yes, I realize the stock doesn't know that.) Last November, I would have jumped at the chance to get out of the investment 'even'. But if the recent gains portend good things ahead, I'm fine with holding. What are your current thoughts on the company for a longer term hold? Thank you!
Q: Hi 5i team, please comment on the the collaboration between PUR and XYL. Do you think it will be accretive to the value of the company.
Many thanks.
http://www.newswire.ca/news-releases/pure-technologies-and-xylem-announce-commercial-collaboration-in-select-emerging-markets-620350753.html
Many thanks.
http://www.newswire.ca/news-releases/pure-technologies-and-xylem-announce-commercial-collaboration-in-select-emerging-markets-620350753.html
Q: Home Capital has given many billions of loans over the last 4 years. In the event that a large number of loans were fraudulent, and the executives have covered-up the truth, I imagine that at this very moment, thousands of borrowers could be running behind in their payments, and eventually default. If that happens, who would take over those mortgages? Big-banks don't deal with those profiles, so which financial would absorb those loans?
Q: The above debenture will be redeemed may3/17
We have been offered two options
1. Conversion (shares) : to receive 40.1606425 common shares LIQ at conversion price $24.90/share for every $1000 principal amount of LIQ.DB.A (5.85% convertible unsecured subordinated debentures ) due apil30/18 converted
2. Redemption (default) : to receive $1000plus $0.4808 in accrued and unpaid interest for every $1000 principal amount of LIQ.DB.A (5.85%convertible unsecured debenture ) due april30/18 redeemed
Can u explain these options and advise which in your opinion is better choice
Thank you
We have been offered two options
1. Conversion (shares) : to receive 40.1606425 common shares LIQ at conversion price $24.90/share for every $1000 principal amount of LIQ.DB.A (5.85% convertible unsecured subordinated debentures ) due apil30/18 converted
2. Redemption (default) : to receive $1000plus $0.4808 in accrued and unpaid interest for every $1000 principal amount of LIQ.DB.A (5.85%convertible unsecured debenture ) due april30/18 redeemed
Can u explain these options and advise which in your opinion is better choice
Thank you
Q: A while back Northland announced a review which alluded to looking for a buyer - any update on this?
Thank-you
Thank-you