RE:RE:Revenue falls, miss targets, guide lower, significant risksthetis88 wrote: I saw;
Revenue up from last quarter ( 243 million vs 242 )
EPS up from last quarter 1.01 vs 99 cents
Dividends up 9% going forward from last quarter
Orignations up again
Bad debts down again
Seems to me they are going in the right direction!!!
Yes they want to increase their bottom line each year by 9% and are disappointed .
Yes- they say they will adjust guidance of goals for next year ,but no mention they will guide lower than this year.
I would expect they revise downwards in 2017 to a 5% increase in EPS from a 9% increase, given the government rule changes.. They are not guiding to lower numbers than just reported, just a smaller increase in profit next year
Overall
A good quarter with small increases over prior quarters
Stock pice has gone down about 50% where as earnings are flat over that period and dividends are up
Am certain short crowd will spin this as a disaster!!!
Stock trading at just over 6 times earnings- its a screaming buy at 6 times eps.
I agree, the short distortions on this stock are reaching absurd levels. The stock is trading below book with a 16-17% ROE. Horrible results are defined as earning 4% of the stock price
per quarter and increasing the dividend. Since EPS is essentially flat, they focus on net income but EPS is far more relevant for a stock holder.
They try to label the company as a high risk lender then they talk out of the other side of their mouth about how they are growing loans too slowly. If you are making highly risky loans, how could growth not come easily? Simply doesn't stand up to reason.