CPSS I sold two thirds in the elevens today. Qtr was great, even without the $13 million reversal for credit losses they would have made around .33 after tax. And they said next quarter will be strong, its the best environment they've seen. CPSS doesnt have to worry about delinquencies b/c used cars are going up in value more than ever. They actually may do well when the repossess. But its only matter of time before used car prices start falling, and then you get the opposite effect
Plus, I bought during the one day drop, and I don' want to take the chance of losing a lot of the move. I could be wrong. best.
News 
Market Data 
Discover 
