J.G. Wentworth Company (fka JGWEQ)

[momentum74]

1.20 back in for a bounce trade. Links Market cap is only 19 million, oversold on the weekly and daily charts. Down 90% from 52 week high. Stock could have a big snap back rally imo. Float is only 6 millons O/S is 16 million.
Chart and fundamentals .
http://finviz.com/quote.ashx?t=JGW&ty=c&ta=0&p=w

Company profile . About The J.G. Wentworth Company®
(They sell most of the structured settlements they aquire to institutional investors ).

Company profile . About The J.G. Wentworth Company®

http://corporate.jgwentworth.com/about/

For more than 20 years, The J.G. Wentworth Company® has provided customers with affordable, flexible options to respond to life’s changing needs.

At the outset, we purchased future payments from structured settlements that resolved personal injury claims. Later that expanded to help people with funds from annuities. Along the way, we have continuously looked for new and pioneering ways to meet the unmet financial needs of our customers.

Today, The J.G. Wentworth Company® is a diversified consumer financial services leader focused on providing direct-to-consumer access to financing needs through a variety of solutions, including: mortgage lending and refinancing, access to personal and business loans, structured settlement payment purchasing, and prepaid cards.

Our seasoned management team has developed a category-leading marketing, operations, customer service and funding infrastructure that has allowed us to achieve efficiency and economies of scale necessary for stability and future growth.

Access to capital markets and securitization expertise is a significant competitive advantage for The J.G. Wentworth Company®. Approximately three times per year, our purchased payment streams are bundled and issued as Fixed-Rate Asset-Backed Notes, which are typically purchased by institutional investors. This core strength establishes a strong foundation for future growth through our relationships with financial institutions and ability to execute financing through committed warehouse lines.

Maintaining the highest levels of accountability, transparency, governance and adherence to applicable laws—is critical to our success. We’ve been a leader in the development of current regulatory framework around the purchasing of structured settlement payments. Our work on both federal and state regulation has provided more clarity and stability to the structured settlement payment transfer process, and we embrace this regulation.

Diversified transactions for our customers, a robust financial infrastructure, and leading by example in regulation, are hallmarks of our heritage at The J.G. Wentworth Company® and qualities we will carry forward as we continue our positive growth trajectory.