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.