Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (10771)	8/7/2002 10:21:29 AM
From: Bruce A. Brotnov	Read Replies (1) of 16631

Here is a summary of the report for ACF that sent the stock spiraling down - tell me as an unbiased analyst why you would down grade to "under perform"? AmeriCredit (ACF: news, chart, profile) lost more than 15 percent after the company reported fiscal fourth-quarter earnings that topped expectations and provided future outlook that was inline with forecasts. Net income for the quarter ending June was $96.5 million, or $1.06 a share, up from $71.7 million, or 81 cents a share in the same period a year earlier. Analysts surveyed by Thomson Financial/First Call had been forecasting earnings of $1.05, on average. Auto loan purchases rose 25 percent to $2.43 billion. The auto finance company is expecting earnings of $1.06 to $1.09 for its fiscal first quarter and $4.45 to $4.65 for fiscal 2003, versus analyst expectations of $1.07 and $4.61, respectively Bruce

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