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RIFCO Inc. V.RFC

RIFCO Inc is an auto-purchase finance company. Its subsidiaries are engaged in vehicle financing. The company provides non-traditional vehicle financing to motorists through a growing network of select new and used vehicle retailers. Its auto financing is available to both franchise and independent dealers who want to create a partnership. The company has its operation in all provinces in Canada except Quebec.


TSXV:RFC - Post by User

Bullboard Posts
Post by pharesfon Mar 25, 2013 3:35pm
310 Views
Post# 21164893

Appreciation and Speculation

Appreciation and Speculation

Market's aren't efficient, wish they were. However, there was no cause whatsoever for the recent increase in Rifco. There was no big news, no significant change, at least that us commoners know. I still believe in this company, I just was not confident in that last surge based off of an individual saying it's a double in a year on BNN. I think this come down is just a return to the natural order and back to it's usual dance, two steps forward, one back. And to add to the CFN rumours on here>RFC had a mkt cap close to half of CFN's. With that being said, if they were up for sale there would be an premium on top of that valuation, usually. Carfinco only makes 20m/yr and gives most of it back to shareholders. Currently only have $500,000 in the bank. In my un-professional opinion, this is is not enough be thought of as viable. -Phares

Bullboard Posts