AUTO - good valued co.in recession free industry Message Board

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Microcap & Penny Stocks : AUTO - good valued co.in recession free industry

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To: John Posatiere who wrote (18)	9/24/1997 8:42:00 PM
From: Jeff Lee	of 205

I spoke to Scott Zecher the President and CEO today on why the stock price going down. Did not seem very friendly or comfortable on discussing Auto with me. He did tell me that they had cut back their loans considerably and have made requirements much stricter than in the past. He mentioned the Money Store a company that recently went into the non-prime auto lending industry and took a tremendous hit on their loans and that is putting quite abit of pressure on the entire industry. Alot of selling today. I would wait until the smoke clears before I would buy this one. Good luck. Jeff

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