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i like ASFI here--at 33.06-should see 34
- Thread starter hitman4gk
- Start date
Nice call Hitman you got 73 cents already!
The news though... sounds risky:
Asta Funding Signs Definitive Agreement to Purchase $6.9 Billion Portfolio
- PR Newswire
ENGLEWOOD CLIFFS, N.J., Feb 09, 2007 /PRNewswire-FirstCall via COMTEX/ -- Asta Funding, Inc., , a leading consumer receivable asset management and liquidation company, today announced that it has signed a definitive agreement to purchase a sizeable portfolio of approximately $6.9 billion in face value for a purchase price of $300 million. The portfolio is made up of predominantly credit card accounts and includes accounts in collection litigation and accounts as to which the sellers have been awarded judgments and other traditional charge-offs.
My mother always told me whenever someone wants to give you $6.9 billion in receivables for $300 million...
maybe ask a few questions....
The news though... sounds risky:
Asta Funding Signs Definitive Agreement to Purchase $6.9 Billion Portfolio
- PR Newswire
ENGLEWOOD CLIFFS, N.J., Feb 09, 2007 /PRNewswire-FirstCall via COMTEX/ -- Asta Funding, Inc., , a leading consumer receivable asset management and liquidation company, today announced that it has signed a definitive agreement to purchase a sizeable portfolio of approximately $6.9 billion in face value for a purchase price of $300 million. The portfolio is made up of predominantly credit card accounts and includes accounts in collection litigation and accounts as to which the sellers have been awarded judgments and other traditional charge-offs.
My mother always told me whenever someone wants to give you $6.9 billion in receivables for $300 million...
maybe ask a few questions....
as a daytrader,fundamentals mean nothing..
I'll remember that next time a product recall hits mid day on one of my plays...
I'll remember that next time a product recall hits mid day on one of my plays...
Nice trade!