Wednesday, 11 December 2013

Carfinco Gets Further Media Attention & New Analyst Coverage

TSX: CFN
Shares Outstanding: 26.4 million
Shares Fully Diluted: 26.4 million
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The Globe and Mail published an article today titled, “Four Stocks Under The Bulls’ Radar”, in which Carfinco was mentioned alongside some much larger companies such as Oracle Corporation.

The Globe’s Tim Shufelt noted that the U.S. automobile manufacturing sector is firmly in recovery mode and that one dark horse candidate for playing the U.S. auto boom could be Carfinco.

Carfinco entered the fast growing U.S. car loan market earlier this year. “The geographic diversification comes at a seemingly opportune time, as overall levels of non-prime auto loans are on the rebound, fully recovering from mid-2011 lows,” said a report by Dylan Steuart, an analyst at Jennings Capital.

Mr. Steuart is no stranger to Carfinco, as he had covered the company while with Stonecap Securities. Now recently employed by Jennings Capital, Mr. Steuart is the 5th analyst to cover Carfinco and he offers the most robust price target at $14.50.

At this time we do not have permission to publish the Jennings report.

To read the Globe and Mail article, please click here...

Mr. Tracy Graf, CEO of Carfinco, is expected to be a guest on BNN’s morning show, “The Street” with Paul Bagnell, either tomorrow or Friday - so please stay tuned!