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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: A fact that should help strengthen your confidence in HomeCapital management. Look at the LinkedIn profile of a new board member: Brenda Eprile. She has 12 years at the Ontario Securities Commission as Executive Director. Then, 11 years at PriceWaterHouse (partner). Certainly, she is a top choice for the board of a company involved in non-prime lending. I would also add that someone with a profile like this is careful with career moves, wouldn't want to end her career being associated with a fraudulent financial. She must have done some homework before joining.
https://www.linkedin.com/in/brenda-eprile-fcpa-icd-d-a9221b30
Read Answer Asked by Matt on August 24, 2016
Q: Hi Peter and Associates!

I hold some shares in Roca Mines and it looks like the shares have lost all value? Do the shares hold any sort of residual value or should I erase them from my statement?

Ian
Read Answer Asked by Ian on August 24, 2016
Q: I was allocated some subscription receipts with IPL's recent deal. I am looking to add another pipeline company with a strong and growing dividend that is fairly value or under valued if you can find one. What would you suggest? Also, do you believe that energy infrastructure should be included in our energy sector exposure or utility exposure or other?

Thanks,
Jason
Read Answer Asked by Jason on August 24, 2016
Q: What are your thoughts on the bear report? Seems to me they are making some compelling arguments. The loan loss provisions are extremely low when you would think they would be higher considering sub prime clients. Also, the deposits are 80% GICs... if there was something that spooked them they could see capital drying up. Let me know your thoughts on those two comments. Thanks
Read Answer Asked by cary on August 24, 2016
Q: It seems that every time Home Capital starts to move up a little there's another short attack to push it back down. I know you rate it quite highly, but is there really a future upside? I've held it for 2 or 3 years now, and am getting tired of waiting.

Is it better to replace it with another name? I already own FSZ, BNS and TD in financials. Thanks
Read Answer Asked by Ian on August 24, 2016
Q: Home Capital was once a 5%+ weighting in the Balanced Equity portfolio; now it is under 2%. Are you more inclined to add to the position here or cut and run, particularly since the P/F now has 23 positions and your stated preference is for 20? Also referencing the seeking alpha report is this a case of where there's smoke, there's fire?
Read Answer Asked by Jeff on August 24, 2016
Q: You mentioned in a previous answer that AVO would not get a premium valuation for a very long time. I was wondering if you can elaborate more on this? Is this because of the lowering of prices and also the dept increase?

From what I gather they are trying to increase their market share (which I think is currently 2%).

Thank You,
Andrew
Read Answer Asked by Andrew on August 24, 2016
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