RE:RE:RE:RE:RE:New Milestone in Originations for March: $15 Million
Funny thing about manipulating low volume stocks like this one. Yes, people can move it down and yes, they can then maybe accumulate a bit but I think only to a limit.
I've managed to take advantage in the lower price, the wife's gotten in on the opportunity and yes, were sitting back and chatten up family and friends about how we've taken a hit on the current price but that our comfort level regarding to the long term valuation of othe stock is high and we're seeing the reward outweighing the risk. So, those attampting to manipulate the stock down are doing it not just for themselves but for all those who see value in this company (thanks for your efforts, I've enjoyed taking advantage of the opportunity)
Do your own DD and do what you feel comfortable in doing. My personal assesment is that the current market price is not valuing the stock correctly. I see at least another year of solid growth as a percentage equal to the last couple. I see the ability to continue to grow and I see the company gaining the ability to take on more things over time if they don't get bought out first.
Lets remember, this stock has been profitable over the last couple years and they have not issued a dividend. All of that net earnings is sitting on the books as retained earnings. They look to be growing not ownly in volume of revenue but also in back office ability to handle this business. They look to have economies of scale with this growth process. They have a history and have been refining the actuarial valuations of business written. While things can still go wrong, they are not the best or the worst of the options available to the publick for auto loans. They sit in the middle of themarket and this market will always exist. This market is huge, RFC don't count for 5% of it but is probably one of the largest, most organized low cost companies in the business.
all above.... IMHO, if I am wrong in something i've typed, please post and let me know.