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Home Capital Foe Says His Short’s Bigger Than Much of Board Owns

By Tony Seruga

The most vocal opponent of Home Capital Group Inc. has revealed the extent of his bet against the alternative Canadian mortgage lender.

Marc Cohodes, the fund manager-turned-chicken farmer who has been betting Home Capital will fall since November 2014 — when the stock was near its peak — said his short position is now bigger than the total number of shares owned by almost all of Home Capital’s insiders. These exclude founder Gerald Soloway and board members John Marsh and Dinah Henderson, but include the rest of Home Capital’s directors and former CEO Martin Reid…

Home Capital Foe Says His Short’s Bigger Than Much of Board Owns

Categories : Finance, Real Estate

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