that says everything!..stock is 90 percent plus owned by hedge funds, investment banks and insiders. Stock Drop was a blip in the long term plan..major reveal in progress
Market cap floor was 1.1B last year when things were looking a lot more dicey..I agree the floor should be about 31 now that earnings this qtr are a record 1 dollar plus and we are in the clear with delinquencies...then it should really spike over the next couple of months from there...
THIS IS THE BEST POST I'VE SEEN IN AWHILE..My concern was Wright also...he obviously is a ing term thinking and he knew ahead of time to kitchen sink delinquencies..add backs from bad debts could increase earnings at least 30M this year easy...the only issue I had was if Wright was ion the side of shareholders..he clearly is..
Hey Bradely, shouldn't the share price go up at least 100% like it dropped 75% from 60 last year if everything is fixed? Or you simply a stooge for sell side traders..your credibility is truly at risk here..make no mistake
Well Bradely..I guess you were wrong on that thought eh? CONNS has always said they do better with lower gas prices
"We have not experienced any noticeable declines in sales as a result of lower oil prices; in fact, we have seen above average same store sales performance in the Houston market, for example."
On a .3% improving trend over last year, CONNS will see a 8 to 8.5% delinquency rate by May
same for Op's Brian Nagel...CONN earnings are exploding
I can't believe this stock is below 30 let alone 20..complete brain damage..nobody os looking at company profits going forward..its beyond belief
Ever consider that all the loose lending in 2013 and early 2014 was to drive volume of customers for the long term while experiencing short term pain of rising delinquencies in 2014? Now delinquencies come down and they still mains is a stronger customers base who pay the bills...nah. they aren't that smart
When the share price was destroyed FROM 35 because Wright announced no guidance going forward and then wrote off 12 months of delinquencies, one would expect things would get much worse..BUT THEY HAVEN'T...Delinquencies actually came down last month. What kind of announcement was that?..you would think that you would have to be pretty damn sure about the further for Wright to kill shareholders like this....ITS AS IF HE WAS TRYING TO DESTROY THE SHARE PRICE ON PURPOSE
the difference in delinquencies is only .9% from last year..market confused with Wright writing off delinquencies at 10% 12 months into the future..that charge will not occur again..profit will be a buck a share going forward or about 35M per qtr
that's for sure!
This stock is unbelievably manipulated..its been an ILLEGAL feeding frenzy. I believe this was a last big coordinated attack to drive new longs out of the stock before the next monthly report. It would be insane to be short this stock going into that report which could show further reduction in delinquencies..I'm expecting this to spike back up to above 20 before that report
But beyond that, there seems to nothing anyone can do concerning CONNS shares..I saw a poster compare Rent a Center Market Cap and I believe this is good comparison..their going forward EBITDAs are relatively the same yet Conns market cap is 33% of RentaCenter.. that is crazy
well that's not a good reason then.."Actually they serve the refining and petrochemical areas. These are doing just fine - and better with lower feedstock cost."
one other thing, if you are hanging your short on that, you are going to get crushed
So what..that's good news to me as they sacrifice sales for credit..revenues will be up 11-15% on new store builds next year...and SSS 40% above two years ago..stock trading well below two years ago; same share count with revenues double and profits triple to two years ago..your thought process is wacked..the only reason the stock is down here is because of a combination of HTF short trade manipulation, a fear of BK and a forecast of deteriorating delinquencies into the 12 to 14% range which clearly isn't happening