Oftentimes I’ve witnessed, on a plethora of investment message boards, the prideful touting of various posters annual/aggregate returns in relationship to the markets; on occasion including myself. Covestor has become a vehicle for investors to provide a basis for their boasting with intangible evidence, again, myself included. Therefore, I decided to use my self as [...]
Archive for December, 2009
Delusions of Grandeur in regards to the Covestor Investment Return
Posted in Covestor on December 20, 2009 | 23 Comments »
Asta Funding 2009 Annual Results & Adjustments
Posted in Asta Funding on December 16, 2009 | 6 Comments »
Here is the 2009 Annual results of operations which include adjustments to book.
Asta Funding, Inc. Reports Fourth Quarter 2009 Results
Posted in Asta Funding on December 16, 2009 | Leave a Comment »
Asta Funding (ASFI) 5 Year DCF – Without Non-Cash Adjustments
Posted in Asta Funding on December 16, 2009 | 2 Comments »
Completely disregarding any adjustments to the non-cash impairment charges and accounting for only what the company ’stated’ as Net Income and assuming the company will not grow in future years (0% growth rate), ASFI is trading at a very attractive price.
Asta Funding ‘Actual Cash’ Net Income
Posted in Asta Funding on December 16, 2009 | 1 Comment »
In regards to today’s earnings release.
Here’s the breakdown. As of September 30th, 2008 the company had $84.93 Million in outstanding debt due to their revolving credit line (refer to page 18 of Q3). As of Q3 2009, the balance owed on that account was $35.54 M. According to the current SEC filing released today, they [...]
