RE:RE:Share Price "They did mention where their loan delinqinces have gone up about 1/2 a percent or so , so it does sound like they already have allowed for this."
Read more at https://www.stockhouse.com/companies/bullboard/v.rfc/rifco-inc#MwZEJYCRsQifHpMe.99
And, if I am not mistaken (please correct me if I'm wrong), but all of those loans had / have collateral pledged up against those loans.... so, RFC is not out, just not getting everyting they expected or things are not unfolding as they had hoped. I don't know how those contracts are written so I can not say just how much affect a delinquent account ultamatly has.
Also, if you re-read the financials, you would see that the staffing of the collections department, working those delinquent accounts was the ~~Issue~~. From my read, they are not having problems with regard to a fundamental shift in the market place that will translate to ongoing difficulties.
Looking at the P/E currently calcuated for this company, it puts it in the same growth prospective as the big banks. I checked the other day and I saw a P/E of around 12 for the bunch of them. So, how much would RFC have to cut back on growth expectations Y/Y to pull themselves back to a growth rate justifying this low of a P/E? I think the big banks are either seriously over valued or RFC is being under valued.
Oh, and thanks for the heads up on CFN. I did a quick look. So, based on the share price drop and everything i'm guessing you and others are thinking that the CFN buyout is not going to happen? What a mess!