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Non-Tech : ACAR
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To: Joe Basile who wrote (12)2/16/1997 12:57:00 PM
From: Mickey Szilagyi   of 14
 
Thanks for the post, Tom. As to what I think, which is worth about two cents, I'm not too impressed. I was drawn to ACAR because of the 98 earnings per share growth rate reported in IBD. That certainly will change when these latest earnings are factored in. I was drawn also by the low price. ACAR's business is what bothers me because they loan money to people that historically default. The only way to make money in such a business is to charge a hefty interest rate. But if you can't collect it what good is it? And it appears they can't. They need to borrow a couple of strong-arms from a local loan shark. They certainly have increased the number of loans they acquired which is in their favor but the fact still remains whether they can collect on them or not. I think I will sit back and watch only because I'm a sucker for a cheap stock. The price may rise a bit only because it is so darn cheap but, unless they can do better in collecting the green, that's all I plan to do, watch. There you have it, MHO, two cents worth. We shall see. MJS
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