Credit Acceptance (CACC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Credit Acceptance (CACC)

CACC 429.72

-6.2%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: taxikid who wrote (39)	10/30/1997 7:04:00 PM
From: Sniper	Read Replies (1) of 103

My apologies. Apparently, I got CACC confused with another company. I am still very bullish on this stock. Apparently, this company's stock went down hard because they linked it to companies that MFN and CTYS which are both in the same industry. However, the main difference is that CTYS has not had a losing quarter to date. The reason they show a loss for last quarter was a one time charge to increase their credit loss reserve by $60 million. They had to do this in order to implement their new loan servicing system for identifying unprofitable dealerships and risky loans.. I spoke with a company insider this afternoon and he told me that they are looking for a "homerun" quarter.. they should blowaway $ .11/share. Taxi, please take a look at thier 8k report if you dont mind. I would love to hear a detailed analysis from you. I am anxiously waiting for the 10Q report to be out soon that will describe in better detail that one time charge. Looking at other companies in the industry, CACC is greatly undervalued with a p/e of 5. The industry average is 17. Thanks Snipe'

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next