You are not eligible to view 2 messages. To gain access to more recent message posts signup free for membership.
#
AUTHOR
DATE
SUBJECT
10
member
4/08/20 3:40PM
GFC vs. COVID
Dear jon64,
I posted this on the newest CACC write-up. rickey does nto seem to answer there so i post here to hear your thoughts. How do you feel it will be similar/dissimilar to the GFC for... login to read the rest
Thank you jbur, I could have not explained it better. Agree. Raising the vehicle price is in reality a way not to comply with the usury limits.
Mostly_Ugly:regulatory scrutiny, how exactly do you see this happening?... login to read the rest
What is the point of a usury cap if you can just inflate the price of the underlying asset to any level you want? So a $200 monthly payment (which I believe is their minimum), can... login to read the rest
Where is CACC currently positioned in terms of the rates is currently charging? Is it far from the maximum allowed rate? These are the usury rates: http://www.lectlaw.com/files/ban02.htm
In the past CACC charges were below the usury rate...... login to read the rest
CACC is not a lending business. It is a collections business and that is why they are also suceptible to any changes implemented by the Consumer Finance Protection Buereau. Although, the new administration may end
Thx for the post, I agree with many points and have held CACC before. I agree that CACC can capitalize on a downturn and that the total return incl. high short lending fees provides a... login to read the rest
The dealer loan program seems to be their secret sauce but it appears to be shrinking sequentially as a % of originations. Are you concerned that they are not getting the same interest from dealers
It's a topical stock; they definitely seem to have established a unique role in the auto-finance market. They underwrite all loans to a very conservative default assumption; mitigating surprises and facilitating steady access to the Auto-ABS market. Finally,... login to read the rest
Are you sure you want to close this position MEDALLION FINANCIAL CORP?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
Flag MEDALLION FINANCIAL CORP for Removal
Are you sure you want to Flag this idea MEDALLION FINANCIAL CORP for removal?
Flagging an idea indicates that the idea does not meet the standards of the club and you believe it should be removed from the site. Once a threshold has been reached the idea will be removed.
You Cannot Submit Message ... Yet
You currently do not have message posting privilages, there are
1 way you can get the privilage.
You can apply for full membership by submitting an investment idea of your own. Or if you are in reactivation status, you need to reactivate your full membership.