Nicholas Financial Inc. (NICK)

All Comments on NICK

  • commenter
    RickRussellT
    X
    Jul 29 01:12 PM
    Successful Investing Is Not About Predicting the Market [view article]
    "I don’t know when it will go closer to its true value."

    That's a fallacy. The true value of a market-traded commodity is the price that someone is willing to pay for it. That's the only measure of value.     Reply
  • commenter
    joyful
    alternative
    Jul 29 12:21 PM
    My Website
    Successful Investing Is Not About Predicting the Market [view article]
    And when the price of your stock doubles, sell half. Someday I may have the opportunity to do that a second time. Reply
  • commenter
    carey_jim
    Jul 29 12:12 PM
    Successful Investing Is Not About Predicting the Market [view article]
    On principle, it's hard to disagree with you but in practice, it seems as if almost no one can resist the siren song of buying low and selling high.

    And especially people who read and post on the Seeking Alpha site.

    Also, when you look at the history of the American stock market you see that people lost fortunes after the 1929 crash, for example, and their stocks didn't regain their inflation adjusted prices until the mid-1950's. That piece of evidence doesn't support the buy and hold philosophy.

    Furthermore, it's difficult to define a "good corporation." Phillip Morris, McDonald's (and dare I say Coca Cola?) are very successful corporations but sell products that are not healthy. As such, are they good investments for the long run?

    Is Wall Mart a well-run company? The answer is a socio-political debate and certainly not clear.

    In principle, you are right, but as we also know, in principle socialism is utopia. In the real world things don't always work out according to the theory.     Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:19 AM
    My Website
    General Discussion on NICK
    Is this a buy or a sell? Reply
  • commenter
    Alan
    Brochstein
    Sep 25 09:04 AM
    My Website
    The Long Case For Nicholas Financial [view article]
    Why is AR growth so high despite slowing revenues? With so much of the equity of the company tied up in AR, this is very alarming. AR grew 12% over the past year on 7% top-line growth. In FY2007, Revenues grew $4mm, but AR increased $24mm. It seems like they are growing their portfolio despite the weaker recent credit experience. Reply
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