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Strategies & Market Trends : Consumer Portfolio (CPSS) Overbought!
CPSS 8.790+3.7%Nov 7 9:30 AM EST
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To: Steven Hsu who wrote (36)1/21/1998 11:24:00 PM
From: Mack   of 112
 
this is what I know about CPSS:

My girlfriend works in the subprime auto-loan division of LBFC and they compete directly with CPSS. She tells me that CPSS is the best co. out there. They run the tightest ship, they give the best service (dealers ask, "why can't you be more like CPSS?" etc.), and they are stealing business left and right from their competitors. If you read their last quarterly it said they would have done even better but for all the hiring. Well, be assured they are still hiring(rapid growth), and they have a knack for hiring only the best (many of LBFC's best have gone to CPSS).

When I considered investing in this beaten down sector I asked her, "If there could be only one co. in 5 years who would it be?". She said CPSS. They have great management and they are a step ahead of the rest (they go into dealerships with laptops and approve loans on the spot; nobody else does this). And look at the financials, nearly flawless. Basically, a great co. trading well below its intrinsic value. I'm not in yet 'cause I keep waiting for a pullback...and waiting, and waiting.

Hopes this helps you all!

P.S. Please don't buy until she dips into the mid 9's...I want her cheap! :)
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