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Yesterday, Nicholas Financial (NICK) reported quarterly earnings of 20 cents a share. That's for the company's fourth quarter which ended on March 31. For the same quarter one year before, NICK earned 29 cents a share. Revenue dropped 6% to $12.7 million.

Yes, I still think this is an absurdly undervalued stock. For the entire fiscal year, NICK earned 94 cents a share. That still means the company is going for about seven times earnings. Nicholas Financial has now reported revenue increases for 18 straight years.

Posted by edelfenbein at May 9, 2008 3:09 PM