That is not what I said at all, financial sector stocks build up assets to generate revenues. Trust me if the $717M in assets is real, then revenues will follow. It's all about building up a portfolio of revenue generating properties (assets)... to generate revenue (capital). DUH!
The point was there are some on this board who thought/think HCPC's Q1 (and future #'s) was/were only going to feature fees from loan origination and feature interest from loans being paid. This of course wouldn't create nearly as much revenue (capital) as actually realizing the actual revenue generated from each property in the portfolio.
I just like to know a sheep is a sheep and a wolf is a wolf without having to take its clothes off.
So Heels, we should not care about revnue at all, just the assets?
Tracee Tolentino, host of the “Three Minute Interview at Wall St. Net” interviewed G. Carol Johnson about Heritage Capital Credit Corporation on July 11, 2008.
Below is the transcription of that Interview.
Carol: Heritage Capital Credit Corporation posted its first quarter balance sheet and income statement on the company’s website, which is www.heritagecapitalcredit.com and the Pink Sheets at www.pinksheets.com. These financials were internally prepared and they reflect the closings on three transactions in the first quarter. Those transactions generated gross revenue of approximately $857,000. From those closings, we expect to generate gross revenue by yearend of approximately $12 million, and this includes a portion of the financing arrangement fee receivable of $33 million, which is amortized over the 35-year life of the loan. Our assets total approximately $717 million and our real liabilities are less than 5%.
I'd say Carol has the revenue issue on her radar so I wouldn't worry yourself!
Disclaimer: My Opinions are just that, opinions. I'm not responsible for anyones trading decisions. I never make any recommendations, nor do I ever try to influence any individual(s) to buy or sell
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