A concern I took from that interview was the concept that the YBR proposition is "the same as the big banks" but without all the regulation.. well if that's true, then regulatory risk should be a big red flag for this company!
If you are doing the same thing and somehow exempt from the same rules, then at some point - especially if scale does kick in - it would not be surprising to see more regulation imposed.
Not to mention the current media and stories coming out about financial planning (the franchise just heightens my concerns in this space).. the large exposure to the Australian property market is not something I want to put my money into personally. Perhaps there is a reason they have been able to buy those assets and loans so easily! Lastly.. the stock price and track record, its just miserable. As a last side note, similar chart to TZL for what its worth...
YBR Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
