RJM2

America's Car-Mart Could Be Just the Right Vehicle for Tough Times

Nice writeup.

Im in this sector via NICK which is much cheaper on a price to book basis. NICK has avg 5 year earnings per share of 90 cents and its trading around $3.

Also, it should be noted that a buy here pay here public car lot chain has been tried years ago and failed. It was called Urcarco which later morphed into Americredit.

The other thing is...the tough economy means consumers simply arent buying newer cars.

I will join you here on a pullback.