Payday loans, Payday loans, Payday loans. I think with the economy concerns, mortgage mess, possible weakening in the job market, credit crunch we may see these things go through the roof. However, there is a movement to cap the interest rates these guys can charge locally, but these guys are loansharks, and find ways to circumvent the system. SO, great growth, even if their interest rate were capped at 36%, then they will still make a killing. This was a first purchase, and I have since added to this position. Additionally they have announced a plan to buyback 75 million shares, and pay a dividend around 6%. MORNING STAR RATED THEM 4 STARS, and adjusted their fair value from $15 to 13 a share. So I am in until about 12, or until impending legislation tells me different.
UTLONGHORN BULL > Trade Notes
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