Day: April 28, 2017

When a stock falls 65% in a day

Back in December last year, we examined a small Canadian lender called Home Capital Group (TSE: HCG). The C$1.9B business, trading at a price-to-earnings ratio of 7x and a price-to-book value of 1.2x, hardly looked expensive by the conventional metrics. And this was especially so given its pre-tax return on equity was north of 20 […]