Seeking Alpha

Higher One pops as SA author spots opportunity in hated name

  • Weighing on the stock, says Charles Moscoe, is a regulatory investigation which could result in fines significant enough to cause a credit event. Even in this worst-case scenario, Moscoe believes Higher One's (ONE +6%) loan terms could be renegotiated, and the focus can return to the firm's strong growth prospects.
  • There's a turnaround story at work as well, notes Moscoe, with new CEO Marc Sheinbaum having come over from JPMorgan where he led the auto and student loan business for six years.
  • Read the article not just for the interesting idea, but for the already-lively comment thread.
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