Accord Financial
Toronto symbol ACD, operates mainly in the factoring business in Canada and the U.S. Factoring is the purchase of a company's accounts receivable at a discount. Accord profits by collecting the receivables. Besides factoring, Accord also offers other asset-based lending services.
Long-time readers know that we are constantly reevaluating our stock picks. Below are three stocks we think you should sell.
Two of these companies face problems that will weigh on them for the foreseeable future. The third is a thin-trading stock that has moved up recently after moving sideways since 2008. Its growth prospects now appear limited.
KINGSWAY FINANCIAL SERVICES $1.31 (Toronto …read more »
ACCORD FINANCIAL CORP. $7.00 (Toronto symbol ACD; SI Rating: Speculative) (416-961-0007; www.accordfinancial.com; Shares outstanding: 9.6 million; Market cap: $66.9 million) operates mainly in the factoring business in Canada and the U.S. Factoring is the purchase of a company’s accounts receivable at a discount. Accord profits by collecting the receivables. Besides factoring, Accord also offers other asset-based lending services.
In the three …read more »
GARMIN $55.80 (Nasdaq symbol GRMN; SI Rating: Speculative) (913-397-8200; www.garmin.com; Shares outstanding: 216.2 million; Market cap: $12.1 billion) reported much better results in the three months ended December 30, 2006. Sales rose 91.4%, to $611.2 million from $319.3 million. Earnings per share rose 110%, to $0.84 from $0.40.
In 2006, Garmin introduced over 70 new products that added to its position …read more »
ACCORD FINANCIAL CORP. $7.90 (Toronto symbol ACD; SI Rating: Speculative) (416-961-0007; www.accordfinancial.com; Shares outstanding: 9.4 million; Market cap: $74.3 million) is in the factoring business in Canada and the U.S. Factoring is the purchase of a company’s accounts receivable at a discount. Accord profits by collecting the receivables. Accord can also handle a company’s credit-checking, record-keeping and collections. Most of …read more »
