Replies to post #91 on AmeriCredit Corp. (ACF)

[OptionMonster]

everytime!

[OptionMonster]

Did you see the form 4 I posted..Someone decided to add 2M shares...

[OptionMonster]

Just a heads up bro..Earnings report coming..May want to hold off on the dips under $10 for now until they put out the meat and potatoes..Hopefully the meat is bad and we can start playing it at a lower PPS..Based on the insider buying this past quarter I am only guessing their report is going to be good..Bummer! lol

[OptionMonster]

AmeriCredit to Webcast Conference Call on Second Quarter Operating Results
FORT WORTH, Texas, Jan. 3 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. (NYSE: ACF) will release its second quarter 2008 operating results on Tuesday, Jan. 22, 2008, after market close. A conference call to discuss the results will begin at 5:30 p.m. Eastern time.

The conference call will be broadcast live for all interested parties via the Company's Web site at http://www.americredit.com. It is necessary to go to the Company's Web site to register, download and install any required audio software prior to the call. For those who cannot listen to the live broadcast, a replay will be available shortly after the call has concluded.

About AmeriCredit

AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit has over one million customers and approximately $16 billion in managed auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit http://www.americredit.com.

Contact:

Investor Relations Media Relations
Caitlin DeYoung John Hoffmann
[phone] [phone]

SOURCE AmeriCredit Corp.



Source: PR Newswire (January 3, 2008 - 1:17 PM EST)

News by QuoteMedia
www.quotemedia.com

[OptionMonster]

Good Lord Man!! Look at this!!! They picked up over 20M Shares!!

http://www.americredit.com/investors/SEC_Document.asp?URL=http://ccbn.10kwizard.com/xml/filing.xml?repo=tenk@ipage=5399551@attach=ON

[OptionMonster]

AmeriCredit Reports Second Quarter Operating Results
- 2nd quarter net loss of $19 million, $0.17 per share
- Increased loan loss reserves through higher provision for loan losses
- FY08 originations target reduced to $6.5 to $7.0 billion
- FY08 earnings guidance updated
FORT WORTH, Texas, Jan. 22, 2008 /PRNewswire-FirstCall/ -- AMERICREDIT CORP. (NYSE: ACF) today announced a net loss of $19 million, or $0.17 per share, for its second fiscal quarter ended December 31, 2007, versus earnings of $95 million, or $0.74 per share, for the same period a year earlier. For the six months ended December 31, 2007, AmeriCredit reported net income of $43 million, or $0.35 per share, versus earnings of $170 million, or $1.27 per share, for the six months ended December 31, 2006. Operating results include Long Beach Acceptance Corp. since its acquisition on January 1, 2007.

Net income for the three and six months ended December 31, 2006, included a $23 million after-tax gain ($36 million pre-tax), or $0.18 per share and $0.17 per share, respectively, related to the partial sale of AmeriCredit's investment in DealerTrack Holdings, Inc.

Automobile loan purchases increased to $1.80 billion for the three months ended December 31, 2007, compared to $1.74 billion for the same quarter last fiscal year. Loans purchased for the six months ended December 31, 2007, were $4.19 billion compared to $3.42 billion for the same period a year earlier. Managed receivables totaled $16.35 billion at December 31, 2007, compared to $12.58 billion at December 31, 2006.

Annualized net charge-offs totaled 6.9% of average managed receivables for the December 2007 quarter compared to 5.8% for the December 2006 quarter. For the six months ended December 31, 2007, annualized net charge-offs were 6.2% compared to 5.6% for the same period last year.

Managed receivables 31-to-60 days delinquent were 6.8% of the portfolio at December 31, 2007, compared to 6.7% at December 31, 2006. Accounts more than 60 days delinquent were 3.0% of the portfolio at December 31, 2007, compared to 2.6% a year ago.

'The December quarter was challenging on many fronts, with weaker credit performance and uncertainty in the capital markets. As a result, we have revised our operating plans to align our loan volume with available capital resources,' said AmeriCredit President and Chief Executive Officer Dan Berce. 'Over the next several months, we will bring our originations infrastructure and overhead into alignment with our revised originations target.'

[OptionMonster]

Well the credit crunch hit the Auto section as predicted..Now to find the new range to play with this one..lol