posted
Looking for some discussion with this one. It is a subprime auto lender which had a 52 week high of $29 and is currently at $11 after getting drilled during this credit crunch. The company appears to me to still be in good shape, and I think the market is assuming that delinquency rates will go up steadily just because they have with subprime housing.
Seems like the company's executive see the $9+ range as a huge buying point as over $1million in open purchases has been bought as of late.
At $10-$11 it seems like this is a no brainer. What does everyone else think?
-------------------- Disclaimer: Not accountable for anything I say
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