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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (53741)4/12/2014 6:07:23 PM
From: Paul Senior  Read Replies (2) of 78748
 
CRMT: I don't understand their detailed analysis. Apparently it's not that important anyway, since they say qualitative factors - the questions they pose - are the significant determinants of value.

I'm not concerned about the repossession rate. The business deals with the least credit-worthy people. People though, who still need a vehicle to get to jobs.

I've followed the company off-and-on for more that ten years here, and been in-and-out of the stock couple of times. Seems like a solid business, although who knows? Used car business not known for having people of the most honesty and integrity.
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