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Active Member Straws
Added 4 months ago

Objective: makes 15-25M a year NPAT, has 170M cash (or short term loans), and only trades for approx 150M market cap.

Subjective: Although short term loans are becoming more competitive, CCV has been around for a very long time, and they have the advantage of having brick and mortar stores as opposed to online only.  People who cant sell/pawn something will get a loan instead.  

Conclusion: buying a company for less than their cash assets, and buying at a PE of around 7 on a long history of good profits (although no recent dividend due to law suits). I see very little downside, and potential for a large rerating once they start paying a dividend again.

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