Definitely buying future earnings with this one, which is what it's all about. Anything under $1 is a good buy, under 70c is indeed a must if you are looking to hold some PGL in your portfolio.
I have used Prospa several times to help grow my own company over the last 18 months and they truly are a really good company to deal with. I would say this company will do extremely well over the longer term. It would be good to see their loan book value multiply a few times. Working off such a small wharehouse facility surely means a slow climb in the current market. Be interesting to see how they do this, lets just hope they don't do it via a capital raise....
Definitely buying future earnings with this one, which is what...
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