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« 10-Year-Old Cramer | Main | Projected Earnings Growth » December 27, 2007 NICK Under $7 a ShareI hope to have more about this sometime soon, but gosh darn it—Nicholas Financial (NICK) is cheap. The stock is priced as if it’s going out of business. NICK is currently priced well below book value which is $7.30 a share. Last quarter, NICK made 25 cents a share, and it made 27 cents in the quarter before that. We’ll find out more when the company reports its third-quarter earnings next month. I think it’s very reasonable to assume that NICK will make $1 a share for this fiscal year. That means the P/E ratio is under 7. Posted by edelfenbein at December 27, 2007 1:43 PM |
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