The journey of Home Capital & its impact on borrowers

May 1st, 2017

Last week was a bumpy ride for Home Capital Group Inc. (TSX: HCG), the Parent company of Home Trust. The company’s stock price nosedived almost 65% in one day, from $17.09 / share on April 25, 2017 to $5.99 / share on April 26, 2017. The journey commenced in 2014 when the company ran into some compliance issues with the regulators, having to do with fraud cases and lack of disclosure to its shareholders.