Jackson America

CACC: An Ideal Play on the Consumer, Auto, and Credit Markets

wes- ACF was far more widely held and recognized revs based on typical portfolio accounting whereas CACC uses a level yield basis, which is IRR driven. Leaves A LOT to the imagination and A LOT of discretion. It is unfathomable that CACC has avoided the once-in-a-decade carnage of its comp group. Seems like it is a matter of time before their accounting catches up with them.