Be careful what you wish for, SVR management have been conservative in acquistions in the past and its worked out well. Would have been easy to acquire a lot more at low rates which probably would have meant the company would be in a pickle now. Alternatively dropping underwriting standards can juice growth, but based on the bad debts there is no evidence for that either. Granted, that will be tested come next year. I agree with the buyback though, that makes more sense now than a extra fw million in dividends.
SVR Price at posting:
$1.50 Sentiment: None Disclosure: Held
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