Re: A Favorite Stock, NICK
NICK has its special sauce, but its way too small to think it will be getting bought any time soon. The risk with these finance companies is they are reliant on short term financing. Nicholas has mitigated this over the last few years by reducing their debt to equity substantially so I don't think they will ever get their lines pulled, but its always a risk and this year has been brutal on subprime finance companies.
A similar high quality company in mortgages is DFC, and I just dumped most of my shares to take a tax loss cause I have no idea if they will be able to finance any more. Its brutal out there.
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