World Acceptance Corporation (NASDAQ: WRLD)

WRLDA small-loan consumer finance business in twelve USA states and Mexico.

A gold company of ours for a couple of years. On 13th March 2014, 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 similarly targeted. The chart now shows a buying opportunity for WRLD. But this is on the market thinking the sell-off was an overreaction and not, that I can find, on any resolution of the investigation. Such results may not come to light for a long time.

A cautious buy at $75 to $76.

Published by Day Trader

I flew fast jets for 30 years of my life. I've traded full-time, more or less, for the last ten years, initially from fundamentals and over the last few years as a dedicated day trader. I live on the North Norfolk coast.

Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: