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What a roller-coaster ride it s been for shareholders of Home Capital Group Inc. TSX:HCG in 2017.Fortunately for the shareholders who have made it this far as well as those who have been sitting patiently on the sidelines and watching it looks as though the fortunes of Canada s largest subprime lender are finally improving.In April, Home Capital faced a crisis that nearly brought the company to its knees.Staring the company in the face was an increasingly threatening housing b stanley bottles ubble in its key markets of Ontario and British Columbia, not to mention stanley quencher the anticipation of rising interest rates on the part of Canada s central bank. Add to that a scandal alleging fraudulent practices and misleading disclosures.It was the perfect storm for a short sale, where speculators hope to make a profit by driving down the value of a security in hopes of buying it back at a lower price.It wasn t long before Home Capital was confronted with a fleeing deposit base and a lack of access vaso stanley t |
