Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (13137)	10/1/2001 8:54:51 AM
From: Bob Rudd	Respond to of 78525

AACE I'm not sure what to make of this and have no position. Selling a bit over 8 with announced expectations of earnings 1.30 to 1.36 in 02. PE of 6.2 on 'market leader' in a biz that might actually improve in tough times. BUT several states are going after this check cashing outfit for short term loans that the states claim violate usury laws [loan shark]. AACE claims loans were made by National bank [Subject to national, not state, regulation thus dodging the local usury bullet] and co acted as agent not principal. Price is low because they took a charge in April to close unprofitable locations and some loan losses. I like the PE if the projection is to be beleived [But beleiving a loan shark is a stretch...especially one that just blew up in the face of expectations], but the lawsuits and regulatory issues are substantial turnoff. 10K ragingbull.tenkwizard.com acecashexpress.com