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
that is a fact..current share price is nuts...100 year history says delinquencies will positively resolve again.company is on the mend..I'm expecting back to 8% some time this year
it worked so far but there is an end to all trades..we are here..company is clearly on the mend..any short slow to adjust will get obliterated..I can see this stock going up 100% in one day if the street feels there issues are resolved and it is clearly pointing in that direction.
It is not down 30% since the January report.. I believe shorts are trying to scare longs in a last ditch effort to find shares from scared longs..even if January is bad, its not this bad..and 1/2 the month is not in yet so it can't be January performance
If the company improves delinquencies again, this is the most valuable asset on the exchanges at this price by far
these number look real..good job..completely and crazily undervalued
after last qtr's forward 12 month write down at 10%..
I looked at page 4 of the presentation, CONNS isn't going anywhere..it actually did well in 2008 and 2009 which I don't foresee anyway..they have clearly said delinquencies over 550 are going down and only 8% of originations are scores under 550...As an FYI,the Fort Worth SEC office is looking into Luxor's trading practices with their multiple companies trading this stock with each other..I would not be surprised if that #$%$ high flying socialite Christian Leone goes to jail