Top Small Cap Stock #1 – Credit Acceptance Corp. (CACC)
Credit Acceptance Corp. (CACC) works with more than 3,000
independent and franchised automobile dealers in the U.S. and provides capital for auto loans to people with substandard credit and originates more
than 1.7 million loans per year. As consumer confidence improves and pent up demand for automobiles is resulting in strong sales, CACC is a great
way for us to cash in on this trend.
In a sign that the capital markets are functioning again, Credit Acceptance recently completed $110.5 million in asset-backed secured financing,
so it is obvious that it is possible again to bundle and sell auto loans. The stock remains a great near-term buy.
- Poll of the Day