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CURO Group Holdings Corp. (CURO)

NYSE - NYSE Delayed Price. Currency in USD
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13.71-1.09 (-7.36%)
At close: 04:00PM EST
13.83 +0.14 (+1.00%)
After hours: 04:01PM EST
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  • s
    seenitall
    Yeah, this one baffles me at times. I've got a lot of shares that I'm holding, but it does get a bit frustrating
  • J
    James
    Excellent report. Why the drop?
  • S
    S
    I've been in with $7 average. Solid company and still pays a dividend. Didn't see this coming though!
    Bullish
  • J
    Jason
    A drop after this report? Me market makes 0 sense sometimes smh
  • S
    S
    "CURO Group Holdings Corp. (NYSE: CURO) ("CURO"), a market leader in providing credit to non-prime consumers, today announced that it has completed the previously announced acquisition of Flexiti Financial. Inc. ("Flexiti"), an emerging growth Canadian point-of-sale (#$%$) / buy-now-pay-later ("BNPL") provider. The transaction included cash at closing of $86 million and contingent consideration of up to $36 million based on the achievement of risk-adjusted revenue and origination targets over the next two years based upon exchange rates at the time of closing. The acquisition of Flexiti provides CURO instant capability and scale opportunity in Canada?s credit card and #$%$ financing markets."We are excited to announce the completion of the acquisition of Flexiti, one of Canada?s fastest-growing BNPL providers with a market-leading omni-channel FinTech platform," said Don Gayhardt, CEO of CURO. "The acquisition of Flexiti enhances CURO?s long-term growth and financial and risk profiles and allows us to access the full spectrum of Canadian consumers by adding an established private label credit card platform and #$%$ financing capabilities. We now reach consumers in Canada through all the ways they access credit, directly both in-store and online, via credit cards or at the point of sale. We welcome Flexiti's more than 2,000 merchant partners and look forward to continuing to provide them with industry-leading service and solutions to improve sales and customer satisfaction."Flexiti offers customers flexible payment plans at retailers that sell goods such as furniture, appliances, jewelry and electronics. Through Flexiti?s award-winning BNPL platform and proprietary technology, customers can be approved instantly to shop with their FlexitiCard, which they can use online or in-store to make multiple purchases, within their credit limit, without needing to reapply. In 2020, Flexiti was recognized by The Globe and Mail (Canada?s Fastest Growing Companies? ranked 6th), Canadian Business (Growth List ? ranked 3rd), Deloitte (Technology Fast 50�TM�? ranked 6th) and The Financial Times (The Americas? Fastest Growing Companies ? ranked 29th, 2nd�in Canada).In connection with the transaction, Flexiti and a related entity refinanced and expanded its nonrecourse asset-backed warehouse financing facility from $300 million to $395 million funded by Credit Suisse AG and SPF Securitized Products Master Fund Ltd."
    Bullish
  • S
    S
    add a few more to my pile a few days ago. Had this company for many years. Nothing very exciting about it. It's stable and pays a dividend. Why am I talking to myself???
  • R
    RJ28392
    Maybe I've got to redo my calculations here but with the Katapult equity included in market cap, the business is valued at under 4 P/E?

    I even think Flexiti is a better business than Katapult. Anyone else bewildered by this price?
  • S
    S
    bought 200 more shares today. This company is extremely undervalued.
    Bullish
  • S
    S
    1. Doubled quarterly dividend.
    2. Authorized $50 million share repurchase program.
    3. Added Philip Gitler as Executive Vice President and Chief Strategy Officer
    Bullish
  • T
    Tommy H
    Several inside buys here on CURO today just saw the news release.
    Bullish
  • r
    raggwead
    Insiders buying.
  • e
    edu
    3 hours ago i saw a homeless guy on the street n decided to give him 50$, in believe that god will reward me. i bought at 8.08 a week ago, today i sold it at 12 $
  • S
    S
    high volume all in the decline. Why, I see no news today?
  • D
    DeJay
    On a low level, consumer finance companies have historically traded at 15x p/e. On a higher level, I'm somewhat surprised on the "hidden" value not realized by the market here. 27.5mm investment in Katapult alone will produce appox. 520mm in value (130mm cash + 20% equity and board seats in Finserv) for the company. Add in NET Assets of 130mm (equity value) on the current balance sheet for a total of 650mm. Then, of course, the operating business that generates 75mm net income or 400mm in Op. Cash flow comes free? Discount for the risk of the Katapult Transaction not going through and you could still by this company back with 1.5 years of operating cash flow. Now throw in the dividend.

    They have the ability to pay off the 8+% notes well before 2025 if necessary

    I'll buy this with both hands up to $1b market cap. although my intrinsic value is $1.2-1.6bilion. No brainer for me
  • B
    BW
    Nice acquisition announced this morning with Flexiti . a leading Canadian lender.
    Bullish
  • J
    Jason
    Bought 500 shares of this back at 6.46. Expected a return but this was a nice surprise to see this morning
  • S
    S
    great day for CURO shareholders!
    Bullish
  • S
    S
    awful volume but I'm loving the pps increase. Makes me feel a little better about the drop.
    Bullish
  • A
    Anonymous
    This looks very promising..lets wait and see
  • J
    Jordan
    Shk - I am delighted to know someone other than myself is watching this in disbelief ! I am actually thinking of wading in again at these prices , its crazy . Is it the lawsuit chat has people spooked ?
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