Honestly - The Only Stock I Own

Hey random threaders of Money3.

A stock without any substantial shareholders, according to the quick cmc research. Almost friendless is the way you want it.

A frequent acquaintance of mine, over the years, Tom Cruise in his intangible forms, once said and I quote.

"Sometimes you got to say 'What the (heck)(sic) and make your move."

This be one of those times for me. I'm strapped into Mny for the long journey.

For me, its actually a leverage story. These guys used to use their own money, almost. They actually paid out their credit, which came at high rates. Now with enormous scale and clout, the banks come to them to lend, cap in hand. So now, from memory, they got 6 banks signed up in the 'warehouse.'

What's funny. They are a company which gives out finance. Cost of finance remains a very small contributor to their cost structure. It's nothing short of spooky. Even when interest rates increase, as well as their ratio of leverage, this curiosity will likely remain the same.

Due to the improved quality of their lending (relatively), they are using increasing their ratio of debt (eg. note increasing rates of return on equity).

Hopefully they judge the right mix of debt over time, to get it sugar sweet, cause things can go sour.

The secret with Mny, which makes them a little unique, is approximately 40 cents from each dollar of revenue flows to the profit line. Search high and low to get a match on that, like anywhere at all. Its true that Mny does a few things differently in their sector. Still, you want 'Good Different', no just different.

All Mny needs to do over time is not blow up their equity base (eg. pay zero dividends please!) and buy back (please!), avoid corruption and excessive renumeration (please!) and add dollars of revenue to their somewhat fixed cost base.....and keep doing the stuff they've been doing, for a long while.

History says, somebody always stuffs it up over the decades. You can go to the casino to gamble, but as for stocks, this is the simple proposition of why anyone invests in stocks. You want the odds in your favour.

Go you good thing, Mny.