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Newtek Business Services Corp. Message Board

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  • cedarvalleycapital cedarvalleycapital Jul 31, 2010 10:49 AM Flag

    Thoughts about upcoming earnings?

    Newtek will be lucky not to declare BK this quarter, forget about earnings. They are a sunken ship with zero guidance and will never be able to compete in 2010. This isn't 1997 anymore!

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    • If they are that bad off, why is the Federal Reserve selecting them for administration of small business accounts. Are the FEDs idiots or part of the scam for the newbies.

      I've read the negative but discount it as it is only from two people. The fact is the company is growing revenues, the Capcos are coming off the book, and they are close to breakeven. They are profitable now on a cash flow basis if you exclude depreciation.

      I'm staying with them and believe this is a $4 stock.

      • 1 Reply to haze10_
      • Finally, a posting by someone who knows something about Newtek. I've been in this stock for quite awhile and took a bath in early 2009. But, I hung on and bought more in the .30s, .40's and .50's and am now overall positive. I don't know about $4 but I think $2 is definitely a good shot within a year. Good luck!

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