A lot of good comments and I do not disagree with any of them as you are all knowledgable.
Only other risks a I see is that they drop their dividends more than the pro rata drop in profit which seems to occur at times in this sort of situation. The other risk is that they do not met the revised plan and we all know what will occur if they do not ! Let's not forget the cars are on bailmemt. Each car is on an individual bailmemt plan and will need to be paid out is not sold in a defined period. This period should be up to 12 months however I do not know what their bailmemt plans looks like. However I expect the plan to be at least six months. The slowing of sales will also mean more interest paid on their bailmemt stock. They bail all their new stock on floor and I think they do not bail their used stock. If more payouts occur then thr dividend may come under some pressure.
I also would be very surprised to see a share buyback.
I think we all agree that this stock is getting very close to a buy.
AHG Price at posting:
$2.94 Sentiment: Hold Disclosure: Not Held