A Favorite Stock, NICK - Page 4

dazraf69 · #31 02-02-2007, 04:54 PM

Would the fact that personal debt in the US insing, and the result of higher occurance of bankruptcy benifit NICK in the long term? If I am not mistaken this company loans money to people with past troubles and low credit and since the group will likely increase at a faster rate, so would NICK?

Cubswin · #32 02-02-2007, 07:45 PM

No need for the CYA. Graham taught me to never invest without serious research. Though, at this point, I have no clue how effective my researching skills might be. My position is quite small.

bdams19 · #33 02-05-2007, 07:43 PM

jefferies just initiated research on NICK, i guess we shall find out if many of you are right or not, an analyst upgrade would help the stock a bit.

Scorpion Man · #34 02-06-2007, 12:39 AM

I am not a technician but NICk has a chart only a mother could love. I liked the opposite side of KKD and I will take the opposite side here too. DC, I think you marry stocks a bit. It's a very dangerous leak if I am right.

bdams19 · #35 02-06-2007, 01:16 AM

judging a stock by its chart seems dumb scorpion man

Scorpion Man · #36 02-06-2007, 01:21 AM

[ QUOTE ]
judging a stock by its chart seems dumb scorpion man

[/ QUOTE ]

its not my only reasoning. many of the most successful investors in the world use charts...i happen not to be a chartist...but some charts speak to me and this one SUCKS

DesertCat · #37 02-06-2007, 01:53 AM

Well the last six months sure looks bad now, but the 5 year chart looks better. But either way I'm happy sticking with my marriages through thick and thin

Groty · #38 02-06-2007, 12:26 PM

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?

Bicycles_Biatch · #39 02-06-2007, 01:07 PM

thank you very much for this thread... i think I learned more about individual stock analysis through reading this thread than I did when I took my series 7 and a slew of finance classes at UCLA.

DesertCat · #40 02-06-2007, 03:23 PM

[ QUOTE ]

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?

[/ QUOTE ]

Not in the short term. BTW, they could increase their loan line any time they want, and they will do so shortly.

Also, the Jeffries report on NICK that was just released recommends "hold", essentially it says quality company, but dealing with some tough trends this year.