Re: A Favorite Stock, NICK
[ QUOTE ]
Don't delinquencies lead charge offs?
[/ QUOTE ]
1999 was the high for delinquencies, chargeoffs the next year went down (and were lower the next two years). So not necessarily.
[ QUOTE ]
To me, you need a good reason to believe that that number is a blip and not a trend to own the stock.
[/ QUOTE ]
Sure. My reason is that you see similar blips in their history, and you see this mgmt team work through them with no problems.
|