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.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (6923)	3/29/2019 12:42:38 PM
From: robert b furman	Read Replies (1) \| Respond to of 26838

Hi Fintas, Thanks for the view. They have a lot of cash. Their loan portfolio shows them to have a lot of debt - car credit. That does not bother me - ALL of those loand are collateralized by the very liquid asset - the vehicle. Once repo'd those can be liquidated weekly and an army of dealers bidding to acquire a lower priced product in difficult times always steps up to buy good chep vehicles. It is the OEMS who take the hit in those times. I've lived through that. I know that works OK. Even the sub prime does not bother me. It is NOT like real estate. Real estate has politicians delaying the foreclosures for political reasons and real estate is not liquid. Cars loans have neither. Thanks again for the chart! Bob