Greenskeeper Blog

Home Capital Group

… The unfolding Home Capital saga is both tragic and full of irony. We have owned the stock in the past, but haven’t for some time. Over the past year, Home Capital’s stock is down 84% and the company has lost over $2 billion of market value. Over a billion dollars of that decline happened in the past 7 days. The reason? A classic run on the bank.

Apr, 27, 2017

Scorecard #18 – Cruel, Cruel Irony

… Over the past year, Home Capital’s stock is down (84%) and the company has lost over $2 billion of market value. Over a billion dollars of that decline happened in the past 7 days. The reason? A classic run on the bank. From my prior investment banking experience, I know the sector and the company very well. However, it has been so long since a bank failed in Canada that I actually had to look it up (1996 it seems).

Apr, 27, 2017

Scorecard #17 – Avoiding Stupidity

… We were inspired to write about Amazon after reading a recent newspaper article touting the stock. The author acknowledged that the company generates razor-thin profit margins and that the stock trades at a “ridiculously high” price-to-earnings multiple (171x to be exact).

Feb, 06, 2017

Scorecard #15 – Noise

… At GreensKeeper, we firmly believe that the short-to-mid-term direction of the markets cannot be successfully predicted with any consistency. Yes, business cable channels will always find a so-called ‘expert’ that made a recent prediction that was spot on.

Jul, 03, 2016