Thursday, 14 November 2013

Carfinco Receives Top Grade From Financial Guru Peter Lynch

TSX: CFN
Shares Outstanding: 26.4 million
Shares Fully Diluted: 26.4 million
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Carfinco has been in the news twice in the last 24 hours, once in the Globe and Mail and again on Bloomberg.

In the Globe and Mail article from Validea Canada entitled “Auto Financer Carfinco Gets High Marks Using Peter Lynch Stock Strategy”, Carfinco receives a top grade from the Peter Lynch based financial model for a price/earnings or P/E growth investor, with a score of 93% in his investment strategy.

Peter Lynch is known as the best producing 20 year mutual fund manager of all time, and has written three well known books on investing.

Peter Lynch is known as the best producing 20 year mutual fund manager of all time, and has written three well known books on investing. 

The article can be read by clicking here...

Late yesterday, Bloomberg writer Jen Skerritt from Winnipeg, published a well rounded article entitled, “ Carfinco Trades At Record On U.S. Loans Growth.”  In the article, Skerritt discusses Carfinco and its growth into the U.S. with its recent acquisition of Persian Acceptance Corp., as well as the Company’s plans to purchase Western Funding, which has a licence in 30 states and is in Chapter 11.

Ms. Skerritt also interviews Tracy Graf, CEO of Carfinco, along with two analysts currently covering the company. In the article, it is discussed that Carfinco plans to grow its U.S. portfolio by 20% next year and that the Company may double its loan portfolio within three years while tapping into the U.S. market.

This article can be read by clicking here...