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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
Comment by Goldenringon Jan 23, 2015 9:28pm
223 Views
Post# 23358274

RE:RE:RE:RE:RE:RE:RE:Share Price

RE:RE:RE:RE:RE:RE:RE:Share PriceAs I had posted a few post ago I had even acknowledged that the low oil price had maybe started some of the selling of this stock so I decided to do a little DD regarding these types of businesses.

I decided to drop in to a used car lot to inquire about what type of financing was avaiable.  As luck would have it this car lot had quite a few lenders available including Rifco .  What I found out was quite interesting as there market for customers isnt people earning $60,000 dollars a year or higher.

I'massuming that the vast majority of oil workers earn at least the 60,000 or much higher.    If anything a economy that starts to struggle a bit causes this bracket a borrowers to fall out of the Big 6 Banks favour and into the hands of busineses like Rifco.

So if anything this could even create a bigger oppurtunity for lenders like Rifco.
Bullboard Posts