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More Evidence for Auto Loan Investing

CNBC ran a piece today that may give more clarity into Leucadia’s (LUK) recent AmeriCredit (ACF) investment.

The key take-away is that the financing companies are seeing more revenues due to the increased length of financing terms BUT, so far there have been no real increase in defaults. I still stand by my thesis that people will walk away from a home before an auto…..must get to work.

Translation: Higher profits.

Disclosure (“none” means no position): None

Todd Sullivan's- ValuePlays

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