Carfinco breaks a record

Article Excerpt

CARFINCO FINANCIAL GROUP $9.00 (Toronto symbol CFN; TSINetwork Rating: Speculative) (1-888-486-4356;; Shares outstanding: 26.5 million; Market cap: $238.8 million; Dividend yield: 5.3%) provides car loans to consumers who can’t meet the criteria of banks and other traditional lenders. The company reports that its Canadian operations provided loans at a record pace in the quarter ended June 30, 2014. New loans rose 6.6% from a year ago, to $45.4 million from $42.6 million. In addition, Carfinco’s U.S. division, Persian Acceptance, achieved new loans of $7.9 million U.S., its highest quarterly total since Carfinco acquired it in September 2013. Carfinco is a buy for aggressive investors. investors…

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