Undervalued Stocks = Low P/E to Growth Ratios Message Board

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Strategies & Market Trends : Undervalued Stocks = Low P/E to Growth Ratios

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To: freeus who wrote (71)	8/31/1997 9:09:00 PM
From: Robert T. Quasius	of 297

I prefer FirstPlus, FPFG because they give credit only to creditworthy individuals, but are willing to go to high loan to value ratios on second mortgages, something that banks are unwilling to do. Sort of like consumer credit: high interest rates, but with more collatoral. Their default rate is fairly low. This company is not a lender of last resort (i.e. Mercury Finance). They are able to charge premium interest rates, securitize the loans (package together and resell), and their earnings are growing like crazy. Best of all, their P/E is low relative to their peers, and on top of that their earnings growth rate is much higher. This stock has run up recently, but is still very undervalued. Check out their thread on SI: Subject 14999 Happy investing.

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