As per presentation, NHF's "2006-2016 vintages of receivables delivered 1.6X ROIC", EBITDA of US$30.5m for 2016 and US$12.7 in 2017, and they have to sell themselves to a two-bit Aussie company for a lousy US$68m? You would think there would be sufficient reserves, given the thumping profitability, or in this low-interest environment, there ought to be easier funding options. Doesn't pass the sniff test.
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