Seeking Alpha

D.C. probe of World Acceptance hits pawn/subprime sector

  • World Acceptance Corp. (WRLD +3.9%) is bouncing from yesterday's plunge on its receipt of a civil investigative demand (CID) from the CFPB, but today it's the turn of Springleaf Financial (LEAF -4.8%) and Santander Consumer (SC -1.3%) to head south.
  • World's "sleazy" marketing tactics have been talked about for some time from Citron Research to Whitney Tilson to Herb Greenberg. Shorting the stock is a favored play of the hedge fund crowd which has been pushing D.C. to move against the company for several months.
  • Also moving: CSH, EZPW, DLLR, ATLC
Comments (1)
  • Big D7777
    , contributor
    Comment (1) | Send Message
     
    Since when does "sleazy" describe an industry that began to the 50's to assist working folks in borrowing a few hundred dollars? You elitist have no "real world" clue.
    22 Mar 2014, 12:14 PM Reply Like
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