Re: A Favorite Stock, NICK
NICK issued a press release on Jan. 29 announcing 4Q results.
Do you have an opinion about the year over year decline in the provision for loan losses?
Interest rate hedges are rolling off on about $10 million of debt per year resulting in increased funding costs, deliquencies increasing, discounts on loan purchases decreasing, and only $10 million of availability on the bank line.
Do you see anything to suggest these negative trends are ready to turn?
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