Accord Financial Corp T.ACD

Alternate Symbol(s): ACCFF | T.ACD.DB

Financial Services

Accord Financial Corp. is a Canada-based commercial finance company. The Company through its subsidiaries, is engaged in providing asset-based financing, including factoring and receivables financing, equipment and inventory financing, leasing, and working capital financing, to industrial and commercial enterprises, principally in Canada and the United States. It offers solutions in growth; buyouts and acquisitions; restructuring and turnaround; slow receivables turnover and bad debt loss, and unexpected events. It provides a variety of financing solutions for Canadian small businesses, including equipment leasing and working capital facilities. Its asset-based lending solutions allow clients to unlock work capitals from their accounts receivable, inventory and equipment. Its subsidiaries include Accord Financial Ltd., Accord Financial Inc., Accord Financial Canada Corp. in Canada, and Accord Financial, Inc. in the United States.

TSX:ACD - Post by User

Accord Financial Corp > book value

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Comment by Methodon Jul 07, 2021 10:45pm

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Post# 33510357

RE:RE:RE:RE:book value

mjh9413 wrote: The trouble I have with factoring is just how darn expensive it is for companies who have to avail themselves of this type of receivables financing. I would not invest out of principle, but that's just me.

Yet we probably have a lower ROE than the companies whose AR we are factoring. Weird choice to prefer our customers to make less money instead of helping with their liquidity.

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