Comments on Fund My Mutual Fund: Bookkeeping: Limit Order on EZCORP (EZPW) Hit

noasjioin all fairness you would not make money in...

2009-01-07T13:24:00.000-05:00

noasjio

in all fairness you would not make money in this business at 10-15% with the default rate

heck you'd be lucky to make money at 36%

some of these things have 40-70% default rates. Some people make 1 payment and run off, etc.

There would be no business plan at 10-15% - we are not talking prime credit or even 650 FICO scores... many of these are 450 type of FICO for a reason. They don't pay back. Just keep that in mind :)

Thanks Michael.That's a nice thought, but how is 3...

2009-01-07T13:11:00.000-05:00

Thanks Michael.

That's a nice thought, but how is 36% not outlandish? Good grief. Something more like 10-15% seems much more reasonable. Not that it will ever happen.

These companies could be facing additional regulat...

2009-01-07T11:08:00.000-05:00

These companies could be facing additional regulatory pressures under Obama/Biden. Here's a quote from their economy agenda@
http://change.gov/agenda/economy_agenda/

"Cap outlandish interest rates on payday loans and improve disclosure: Obama and Biden will extend a 36 percent interest cap to all Americans. They will require lenders to provide clear and simplified information about loan fees, payments and penalties, which is why they'll require lenders to provide this information during the application process."

Not particularly interested in buying much since t...

2009-01-07T10:52:00.000-05:00

Not particularly interested in buying much since this market is so overbought and Friday employment report will send market spinning one way or the other.

I added a bit back that I sold but not too much.

Mostly sitting in cash and waiting for Friday.

you got your 15 before 18, adding? whats make it s...

2009-01-07T09:54:00.000-05:00

you got your 15 before 18, adding? whats make it shoot down 10%