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Advance America, Cash Advance Centers Inc. Message Board

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  • astral_tsar astral_tsar Nov 21, 2008 10:40 AM Flag

    A Little Overdone?

    Thanks for the response ... I figure the gap between the two share prices is likely to close, but I can't get any shares of QCCO to short for a pair trade.

    And frankly there are some things about AEA's reporting that make me uncomfortable. For instance cash flow into a declining advances-receivable account, effectively backfilling for loan losses, that is not really an "investing cash flow." And where's the discussion about the zooming rate of losses as a fraction of aggregate principal advanced? All that makes me feel kind of awkward about the stock, even at these price levels.

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    • You flat out want to steer clear of this stock as a long investment. Yes, you might get a trading pop in it sometimes, but in the long run you are not gonna be successful...too many other companies out there with a much better risk/reward trading for much cheaper valuations. If you research their Ohio loan that rolls out Wednesday you may find it interesting whether or not they can sustain themselves with it....

 

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