Opinions
Jason Del Vicario
Credit Acceptance Corp
CACC-Q
PAST TOP PICK
Sep 20, 2024
$453.560
Stock price when the opinion was issued
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(A Top Pick May 26/23, Up 8%)
His choice instead of GSY. Over its history, great job of allocating capital. When liquidity gets tight, like right now with interest rates up, it will be busy underwriting loans. When liquidity becomes easy, it will reduce loan underwriting and continue to buy back shares. A 5% holding for him.
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Auto loan business that has low capital requirements. Disciplined capital allocation process - willing to buy back shares at correct time. Only willing to under write loans at sensible prices. Not a founder led business, but believes culture at company still strong. Will keep shares in business. Buying on share price weakness.