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A finance company engaged in purchasing and servicing retail automobile contracts originated by franchised automobile dealers and, to a lesser extent, by select independent dealers in the sale of new and used automobiles, light trucks and passenger vans.
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bridgeboy0 (31.15) Submitted: 8/07/07 10:58 AM : Start Price: $5.17 CPSS Score: -50.50
They exceeded earnings estimates and the stock has been getting hammered ever since. All financials (but more so those related to sub-prime) have been getting killed. This is not a sub-prime mortgage lender but rather a sub-prime auto (both used and new) lender. I think they do a very good job of managing risk and repossessions are well within historic ranges.Found using the Motley Fool hard to meet search criteria. I've been waiting for a good technical entry point and it is looking like the technicals are starting to turn bullish.
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