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Nicholas Financial (NICK) reported earnings today. For the December quarter, the company's third, NICK earned 22 cents a share which is a big drop from the 27 cents a share it made in last year's third quarter. The big difference was the 106% rise in "provision for credit losses." That's about an increase of 12 cents a share.

If these results are as bad as it gets for NICK, consider that the stock is going for 32 times this past quarter's earnings.

Posted by edelfenbein at February 5, 2008 11:34 AM