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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (46667)	2/17/2012 5:05:41 PM
From: smaycs4	Read Replies (1) of 78728

The others are far more leveraged which explains why NICK has underperformed compared to them. But, it was a lot less risky stock. I own it from much lower levels but have sold much of mine. I figure they will eventually be bought out. Its hard to pin down actual earnings because of past over-reserves and more recently under-reserves related to past over-reserves. Its clear they make a lot of money but exactly when it was/is made is up for debate. The the bottom line is its a low risk way to play high risk subprime lending. But how much upside does it really have ? I expect Peter would take his marbles and go home if an offer of $16-17 materialized. I used to own CRMT but sold out way too soon and never bought CACC because they are the slimiest of the slime. What state is investigating buy here pay here ? Its effectively impossible to police because SO many people have bad credit & little money. So even if they charge a low interest rate, they jack up the price of the car to make up for it. Is a state going to limit how much a dealer can charge for a used car ?

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