@Nige456 You might lifting your standing around here if you...

@Nige456 You might lifting your standing around here if you actually did some research before shit canning a stock. For a start - and to be clear this particular comment is aimed more at thebigbadbear - AXL and PGL are SME not consumer credit businesses. SME and consumer are different markets with different credit and risk profiles. When your argument starts on a false premise it's no surprise the rest of your post is equally ill informed. Go have a look at MME's loan book demographics - this is not a SACC (small amount credit contract) lender or if you're unfamiliar with that term SACC loans are more commonly known as payday loans. Those typically run at 30-40% interest rates, commensurate with the high risk of default. MME is not servicing this segment of the market. MME will have defaults (as evidenced by their static loss rates) but the quality of their borrowers (and therefore loan book) is better than you give them credit for (pun intended). This would be abundantly clear if you actually took the time to read MME's prospectus and did some proper peer comp analysis.