ELVT - Elevate Credit: Silently Preparing To Surprise The Market In 2022

• The market is not understanding the ELVT business model, underestimating 2022 by a lot, and being blind in front of a massive buyback campaign.
• The focus on near-prime credit is lowering their cost of funding, which will improve margins and sustain long-term growth of receivables.
• With a 2020 net income of $20 million, $500 million of receivables, and an APR above 95%, the current market cap of $120 million is underestimating even the poorest scenario.
• Management is aware of the undervaluation and bought back more than 30% of total outstanding shares since August 2019.
• The stock has a potential upside of more than 220% over the next 2 years, as the market could recognize its success in late 2022 or 2023.

For further details see: