Hi Pat, I have just come across a company called World Acceptance Corporation which has shown consistently strong revenue and earnings growth over the past decade. I would appreciate your opinion on this company as an investment. Thanks.
World Acceptance Corp., $38.93, symbol WRLD on Nasdaq (Shares outstanding: 15.7 million; Market cap: $611.2 million), is one of the largest small-loan consumer finance companies in the U.S. World Acceptance operates 1,010 offices in 11 states and Mexico. It is also the parent company of ParaData Financial Systems, which makes software for the consumer-finance industry.
World Acceptance continues to report rising revenue and earnings. That’s mainly because big banks are reluctant to lend to customers with poor credit histories in light of continued tight credit markets. However, World Acceptance’s loans include payday loans, which are not allowed in all states. That limits its growth prospects. It also leaves World Acceptance vulnerable to changing regulations and political pressures.
The company’s share price is up 44% over the last year. However it still trades at just 7.6 times earnings. The stock is okay to hold, but only for aggressive investors.
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