2024-03-28 15:16:52 ET
Summary
- Atlanticus Holdings Corporation is undervalued and has potential for steady growth and higher earnings.
- The company focuses on serving underserved consumers in the sub-prime market who have limited credit history.
- Atlanticus Holdings makes money through its Credit As A Service segment, offering customized credit cards and banking products to subprime borrowers.
- Shares are a buy with price target of $50.
Investment Thesis
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Atlanticus Holdings: A Cheap, High ROE business