OSC Killing Home Capital Group
http://business.financialpost.com/fp-comment/terence-corcoran-the-kool-aid-man-out-to-kill-home-capital-raises-a-glass-to-the-osc
Investing
Canadian HISA Rates Update
I just reviewed the Canadian High Interest Savings Account rates. Not much has changed over the past year, the major banks are still at 0.75%. The only other issue to mention is about being cautious with issuers when your deposit… Continue Reading
Toronto Condo Apartment Return % Examples
Many people assume someone who owns 3 individual condo apartments in Toronto is getting a free lunch, but the truth is, owning apartments has pros and cons, risks and rewards, just like any other investment. Its difficult to explain how… Continue Reading
Home Capital Buyout Rumours
So who’d want to buy Home Capital Group and why? Before considering who, let’s first consider why. What would the buyer of Home Capital get and how might this transaction be structured? First, could a big bank wring value from… Continue Reading
OSC should be blamed for Home Capital destruction
http://business.financialpost.com/fp-comment/terence-corcoran-home-capital-group-didnt-just-fall-from-the-edge-of-a-cliff-it-was-pushed
Home Capital is Desperate
Home Capital Group announced it has secured a $2 billion line of credit that will carry an interest rate of 10% and a 2.5% standby fee. They also announced their HISA deposits have fallen y more than $500 million in the… Continue Reading
Home Capital Group Looking Bad
I remember when Home Capital was a darling of Bay Street, when it was gaining customers by focusing on segments of the mortgage market that were disregarded by the big banks. I remember HCG was issuing credit cards to its… Continue Reading
Ontario Rent Control & Housing Cost
http://www.theglobeandmail.com/real-estate/toronto/new-ontario-rent-control-rules-exact-opposite-of-what-is-needed-analyst-warns/article34569276/
Bookkeeping, brokers, and lawsuits
The case of the Dole Foods class action payout has created headaches for share depositories and brokers. Short sellers arn’t too blame, or are the current bookeeping methods (although distributed ledgers would help). The problem is public courts inserting themselves… Continue Reading
Price of a Binary Option
Consider an underlying price of 918. You are presented with the choice of buying or selling a European binary call option with 1 day till expiration and a strike price of 918 (i.e. at the money). The 30 day historical volatility… Continue Reading