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  • 加拿大次贷风暴进一步恶化。最大非银行贷款机构股价触及历史新低! +1
    • https://ca.finance.yahoo.com/quote/HCG.TO?p=HCG.TO
    • 一切才刚刚开始 +1
    • 估计借的几十亿又烧完了。
      • News said the first 1 billion has gone. +1
        • Home Capital Uses Up $1 Billion "Lifeline", Seeks Additional Funding
          • Buyout is the only factor behind its current stock price. Otherwise it is worth NIL.
            • you don't understand mortgage derivatives business at all :)
              • Something is clear enough: They got money from interest earners,
                they lent this money to mortgage seekers, and FOR CERTAIN REASONS they lost money from the interest earners, the question is: How can they maintain positive cash flow from these mortgage by borrowing money with HIGH INTEREST usury?More mortgage means losing more money in this mode.
        • 对于投资者来说,有什么关系,关键是公司本身的价值,上次就说此公司5.5-6.5之间,你看股票~,适当时机可以抄底~
          • There is no value as all its mortgages are with negative cash flow in term of the difference in interest rates. Also, the 28 billion mortgages will be in jeopardy if the backing GIC and other deposits keep losing bloods. +1
            • Of course it has, as long as another financial institution's funding cost is lower than HCG, which is true for all other FI.
              • Now the problem is: Why there is no low interest fund injected into this beast? The root cause is THEIR MORTGAGES ARE OF SUBPRIME. +1
                • The problem is they have a liquidity crisis. FI wants its assets, not its name. Its name is liability. If they have more time, they can securitize its mortgages and sell it.
                • Now they are selling off assets.