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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 Goldenringon Feb 10, 2015 6:29pm
284 Views
Post# 23416058

3rd Quarter Results are Out

3rd Quarter Results are OutLooks like Rifco are doing a great job at growing their business although their margins got hit some with some higher defaults.   Read through the whole release and it appears that they are in the process at improving their system at tracking their loans.   Anyways in my opinion this stock is way over sold.   We're only talking around 1% in the other direction and with the much higher volume of sales going through that could translate into a much improved bottom line.

All in all.   Great potential for a double within 12-18 months
Bullboard Posts