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Consumer Portfolio Services, Inc. Message Board

  • officeproperties officeproperties Oct 18, 2013 8:16 AM Flag

    Pre Market up 9.8% to $7.71.....the technicals and fundamentals are both lined up for more buying

    Looks like a good play to keep buying for now.......balance sheet looks good, cash flow looks good and now the technical for the stock charts look good with positive momentum to the upside.

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    • Excerpt from the Earnings Conference Calls below...puts to rest negative rumors on potential reasons for Levine stock sales and gives a clear insight to where the CEO thinks the stock price is going...

      "They've (Levine Capital) been selling their stock. Do you know what they're planning on doing with the stock?

      Charles E. Bradley - Chairman, Chief Executive Officer and President
      I don't know. They're planning on selling their stock. Yes, they've done very well. They've been a loyal and terrific partner to us over the years. And I think, much like, I guess, I would, it's time to liquidate some of their investments. They have huge faith and belief in the company. But my guess is that over time they would continue to liquidate some of their stock. It's hard to say over what period of time, but I think it's a good thing for the market. If they weren't selling all those stocks, then all those people buying it at 5, 6 and 7 wouldn't be getting all that benefit from it. So it certainly works both ways, good for them, good for us.

      K.C. Ambrecht
      But it seems like they're selling the stock because if they don't own the bonds, they don't want to own the equity. I mean, their first interest seems like it's in the bonds, which makes sense.

      Charles E. Bradley - Chairman, Chief Executive Officer and President
      I don't know. I mean, if were him, I'd sit on it until the stock got to 14, but that's just me."

      The CEO also said during the conference: "We're growing exactly as we want to. We are a lot bigger than a lot of those small guys, we do have very good access to capital markets, so we don't really have any of those issues. And probably most importantly, we haven't told everybody we're going to triple in size over the first 2 years."

    • is cpss reporting today?

5.51+0.26(+4.95%)Oct 8 4:00 PMEDT