Friday, 13 December 2013

Carfinco Featured On BNN’s 'The Street'


TSX: CFN
Shares Outstanding: 26.4 million
Shares Fully Diluted: 26.4 million
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Mr. Tracy Graf, President and CEO of Carfinco, was a featured guest on BNN’s The Street this morning with anchor Paul Bagnell.

In the interview, Mr. Graf discussed:
  • The recent acquisition of PAC in the U.S.
  • Stalking horse bid for Western Funding and it having a similar business model to Carfinco.
  • Annualized loss rates similar to 2005 levels.
  • Becoming more selective in underwriting loans in specific geographic regions.
  • Use of GPS starter interrupt.
  • Pricing of used cars and its significance to risk profile.
Today’s segment can be viewed here...http://watch.bnn.ca/#clip1058975