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Mortgage Broker News | 21 May 2013, 12:00 AM Agree 0
The man who earned his street cred by betting against subprime mortgages in the U.S., said he is pessimistic about the Canadian housing market where rising prices haven’t been accompanied by personal income growth.
  • Ron Butler | 21 May 2013, 08:48 AM Agree 0
    Mr. Eisman's comments about Home Capital Group reflect his total lack of understanding of how that company operates. Through it's operating company; Home Trust, this company leads its space in operational execution and has far less exposure to declining home prices than many other F.I.s.

    The CEO is without doubt one of the shrewdest executives in Canadian Finance and has deep experience in managing all kinds of real estate markets. This is a company that easily managed its way through the 1989 - 1990 real estate contraction with much higher exposure and much less capital at that time.

    Mr. Eisman is in the business of sowing the seeds of doubt in companies so he can reap profits for his short positions therefore everything he says can measured based on his desire to manipulate opinion on a stock price, not his actual knowledge of the operations of a company.
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