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$10.75 0.66 (6.54%)
8/28/2008 4:02 PM

AmeriCredit Corp. (ACF)

CAPS Rating:
**

An auto finance company engaged in purchasing retail automobile installment sales contracts. It also provides loans directly to consumers buying new and used vehicles as well as providing lease financing.

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Avatar apchempete (< 20) Submitted: 6/17/08 3:37 PM : Underperform Start Price: $11.72 ACF Score: 4.30

It is this company's clients who are defaulting on their mortgages due to predatory lending. Look for them to default on their car loans as well. Meantime, the only vehicles being purchased are fuel efficient vehicles which typically must be purchased new from dealers. Lean times await this company in the pending economic crisis.

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