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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (163552)5/10/2002 12:41:20 PM
From: orkrious  Read Replies (2) of 436258
 
Herb Greenberg
AmeriCredit Takes a Hit
5/10/02 12:35 PM ET

Heads up: AmeriCredit (ACF:NYSE) taking a hit today after big bull Robert Hottensen of Goldman Sachs issued a report "reiterating our constructive view on ACF and $50, 12 month target price."
At the same time, however, he noted that "near-term ACF news flow is likely to prove less definitive than it has been in recent months." He also said that Monday's report of monthly trust data is likely to be in line with expectations of high loss levels.

But he then adds: "We view these trends as somewhat ambiguous as they are broadly consistent with expectations and leave plenty of clearance on cash trapping triggers, but don't settle any questions regarding credit quality or cash flow." DON'T SETTLE ANY QUESTIONS REGARDING CREDIT QUALITY OR CASH FLOW? If you didn't know better you'd think he was trying to subtly talk the stock down or give a subtle warning of sorts.
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