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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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sloofg (49.13) Submitted: 8/20/07 1:46 PM : Start Price: $4.77 CPSS Score: -44.14
Facilitates auto loans, buys them then securitises. Current concerns regarding securitisation and selling overhang from Levine Leichtman supressing price. Disciplined lending history and management experienced through industry cycles should stand the company in good stead and limit downside. If management achives revenue and operating margin objectives this could be a multi-bagger in short order.
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