Financial companies
are different. It's all about spreads. And DFC
is conservatively capitalized.
Here's an opinion:
Value Investors Club
Like Joshua, I'm looking at the distressed stuff, which is pretty much the housing and mortgage-related companies, the banks and a few retailers. These are the companies on sale right now. Pabrai has been in for about a year and a half and keeps upping his position. What I'd like to know is if it's a good long-term deal
for me @$5, but I find financial companies tough to decipher. The only thing I have come up with is Pabrai's endorsement.