At least one investor sees a buying opportunity in Home Capital Group Inc.âs latest woes.
Philadelphia Financial Management of San Francisco, which oversees about $700 million, spent $10 million in the past week buying more than 1 million shares of the Canadian alternative lender, according to managing partner Jordan Hymowitz. Heâs betting that Home Capital will be acquired.
âThe entire problem here is not an asset-quality issue, itâs purely a liability problem,â Hymowitz said Monday in a teleph...
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