Credit Acceptance (CACC) Message Board

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Non-Tech : Credit Acceptance (CACC)

CACC 457.97

+2.4%

Nov 3 3:59 PM EST

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To: Lucretius who wrote (1)	2/17/1998 9:28:00 PM
From: Harry Anderson	Read Replies (1) of 103

For all you guys out there "short", hang in there. There is a big ride just around the corner! There is something really wrong with the 1997 Earning Statement. Why are we to believe CACC is going to collect over 90% of their performing contracts? Mercury,NAK,JACC,could not do it but CACC can...NOT! CACC only has 780 million dollars in accruing GCR to collect 564 million dollars in advance money. What that really means friends, there's going to be a come to JESUS meeting soon!Unless someone out there is seeing something I am not?

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