CompuCredit Corp (NASDAQ:CCRT)
A provider of various credit and related financial services and products to or associated with the underserved, or sub-prime, consumer credit market, and to 'un-banked' consumers.
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Operating in a niche which some find distasteful with some competitive advantages. Opportunity to grow in all four of it's operating segments.
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Great underwriting, Tom Brown's blessing (see bankstocks.com) and he picked a nice triple with FMD, may slide a bit more as some worry -- but sub prime doesn't mean greater risk if you underwrite properly.
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Payday lending,debt collection and High interest rates on credit card..all ponts to more profit for CCRT. Wait and see what CCRT does with the huge cash pile it has.
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Selling at a good price to book. A lot of positives with this stock. Too many to list here. low P/E great growth, selling at a discount. great liquidity. Tom Brown likes a lot.
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As of 1/19/07, very low PE on estimated 2007 earnings. High inside ownership. Limited competition in it's market.
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My 10 Stocks for 2007,
By James K. Glassman,
Kiplinger's Personal Finance
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James Glassman -
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Kiplinger's top 10 for 2007 pick
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Roan pick
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Have you seen Tom Brown's track record?
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ahh, growth & free cash flow - my 2 favorite things :)
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Extremely well-capitalized player in sub-prime lending market. Smart management that knows how to take advantage of big margins in sub-prime lending. New foray into "buy here/pay here" auto lending leverages sub prime expertise. A favorite of bankstocks.com's Tom Brown.
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One of the 2006 S & P Global Challenger's Index
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This stock is sporting a PE of 7! This could easily go to $60 by Dec 07. Also, a consistent holding of Tom Brown of Bankstocks.com
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pe below 7 and long term growth rate of 15% nice combo
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