World Acceptance Corp. (NASDAQ:WRLD)
CAPS Rating:
The Company is engaged in the small-loan consumer finance business, offering short-term small loans, medium-term larger loans, related credit insurance and ancillary products and services to individuals.
RSS Headlines
Fool UK
Recs
This one goes in the bad actor basket, they are overvalued, ok, but it's more than that, they are a positively evil company with what should by rights be an unsustainable business model, which will sooner or later be shut down by federal authorities, because it is just not legal to take advantage of poor people by trapping them in triple-digit interest rate loans.
Hat tip to citron...
This stock is undervalued (look at p/e) and it increases earnings every quarter. It should be in the high 40's based on on average p/e. Mexico will be a gold mine in that an office in Mexico produces profits twice as fast as in the US and that is where they are expanding. Mexico will never pass any form of usury law and while I hate smoking I lov PM.
Wricha