Hi Browny144,I know this is a cardinal sin, but I'm not too...

Hi Browny144,

I know this is a cardinal sin, but I'm not too up-to-date with what this company does, besides providing loans to save people from going bankrupt, etc. I'm really not into the details of the company.

BUT, what I do know is that they are good at making money, and have a great track record backing that fact up.
(MOST COMPANIES IN THE ASX DO NOT MAKE A CENT - In fact, from last reports only 729 out of 2072 actually turn a profit. *Determined using E-trade filter tools.)

This company is undervalued. Even the company itself knows that, hence the reason why they are using funds to buy into their own company. (Yes, I know sometimes share buybacks are misleading and I've been caught before.)

Of course, I do not have everything banked on this one share, otherwise I would die of boredom, but I do have enough to be happy, and I did buy most of my shares in the 20s. (I also purchased some of these through their last SPP offer a few years back.)

I think that I've learned a fair bit since then!!!

:-)

Anyway, good luck.