A small-loan consumer finance business in twelve USA states and Mexico.
This has been a gold company of ours for a couple of years. On 13th March 2014, it was announced that WRLD was the target of an investigation by the U.S. Consumer Financial Protection Bureau in connection with the marketing, offering, or extension of credit. Shares fell some 20%.
An overreaction? maybe. It would seem that other companies were also targeted. The chart now shows a buy opportunity for WRLD. But this is on the market thinking the sell-off was an overreaction and not, that I can find, on any resolve of the investigation. Such results may not come to light for a long time.
A cautious buy at $75 to $76.
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