CARFINCO FINANCIAL GROUP $9.45 (Toronto symbol CFN; TSINetwork Rating: Speculative) (1-888-486-4356; www.carfinco.com; Shares outstanding: 26.4 million; Market cap: $250.2 million; Dividend yield: 5.1%) provides car loans to consumers who don’t meet the criteria of traditional lenders, like banks.
In the three months ended June 30, 2013, Carfinco’s revenue rose 10.6%, to $19.5 million from $17.7 million a year earlier. Earnings rose 7.0%, to $5.8 million from $5.4 million. Earnings per share were unchanged at $0.22 on more shares outstanding.
The stock is up 19% since we first recommended it in our July 2012 issue at $7.93. The company’s outlook remains positive, and the shares trade at just 11.1 times Carfinco’s latest 12 months of earnings.
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