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hernanday
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J. McLennon is a graduate from the top business school in the nation and has worked in venture capital and the financial industry for 7 years and has worked in analyzing financial products and securities for leading financial service organizations generating returns that beat the market... More
  • Update On Consumer Portfolio Services, Inc 0 comments
    Mar 6, 2013 3:17 AM | about stocks: CPSS

    Back on January 8, 2013, I wrote about Consumer Portfolio Services, Inc. (CPSS) and its market defying rise in 2012, seeing a 450% return. Since I wrote that article in January 8, 2013, the stock has continued to rise and delivered a 57.3% return since the day I wrote the article until March 5, 2013. There are quiet a few factors driving that growth in the stock price, but the main reason was that management at CPSS has been able to: reduce selling/general/ and administrative expenses, reduce the cost of revenue, and most of all increase revenue and the net profit margin. There are other factors however affecting the increase in stock price, but if management is able to keep numbers like in the past quarter throughout the year, another stellar year is not out of the question.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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