Home Capital Group Inc.
HCG
pitch
short
Marc Cohodes
Thesis
Home Capital Group is an incredible short opportunity due to its admission of $2 billion in mortgage fraud and lack of proper controls and reserves. The company's financials are misrepresented, and it is expected to face significant problems if the housing market cools. The CEO's history of questionable practices further supports the thesis that the company is on the brink of collapse.
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