A New age of Finance
By Mike Zaman
Nicholas Financial, Inc. (NasdaqGS: NICK)
Nicholas Financial (NICK) earnings report.
The beginning and ending shareholder equity figures for the last quarter were $101,361,000 and $97,437,000. That averages to $99,399,000. NICK earned $3,425,500 for the quarter so that comes to a quarterly ROE of 3.45%. Annualized that comes to 14.51%.
So this stock is almost like a 14.5% subprime bond that’s going for less than par and it’s credit quality is improving.
That’s not a perfect analogy but it does place the stock in some context.
They loan against automobiles held as security, the dealer pays a discount fee based on the credit worthiness of the borrower, and their interest isn’t all that cheap, like any auto lender they have their share of write off the industry average being around 6%, however Nicholas Financial does appear to be very successful over all. And their stock price shows it currently trading at $8.58 as of 10:00 AM Pacific Time
The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.
Tags: Auto Finance, Crown Equity Holdings Inc, CRWE.OB, Earnings report, NASDAQ, Nicholas Financial, NICK, OTC: CRWE, Stock Market, Stocks
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