Auto-Loan Companies (ACF, UPFC, CPSS) Stare Into The Abyss
Oct 29th, 2008 | By Andrew Snyder | Category: Stock Market InvestingIt’s becoming clear that subprime lending wasn’t limited to the housing market. Companies in the auto-loan business are battling hard to keep their heads above water. Andrew Snyder says small firms like AmeriCredit (NYSE:ACF), United PanAm (NASDAQ:UPFC) and Consumer Portfolio Services (NASDAQ:CPSS) will struggle to survive.