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Strategies & Market Trends : Value Investing

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To: Micawber who wrote (38570)7/22/2010 10:43:40 AM
From: Paul Senior  Read Replies (1) of 78914
 
ACF:
I've owned it or watched it for many years. It's a powerhouse in the sub-prime used-car business.

I have believed I had a few stub shares still tucked away. That's not so I see now, but I do still have LUK. (I've been considering adding more LUK with price under $20)

I'm aware of three different business model stocks in the sector:

ACF. Makes used-car loans to sub-prime.

CACC. Company partners with used-car dealers. Dealers make the sale AND help verify/ensure customers' ability to make payments. In return for this screening process, if and as payments are made, CACC shares profits with the dealers. I've submitted my shares to CACC in response the company's partial stock buy offer. If they take all my shares, I'll reenter CACC.

CRMT. It's in the so-called "buy-here pay-here" segment. I haven't looked at this stock for a while. Might be attractive at current price. finance.yahoo.com
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