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Stock impact report

World Acceptance Corporation: Showing Some Signs Of Life [Seeking Alpha]

World Acceptance Corporation (WRLD) 
Last world acceptance corporation earnings: 1/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: loansbyworld.com/about-us/investors
Company Research Source: Seeking Alpha
The company operates in the consumer finance market, which is considered risky due to potential financial instability and high interest rates. The valuation of WRLD is currently high, and until it decreases to a more reasonable level, it may not be a good investment. Introduction The last quarterly report from the company managed to showcase a decent improvement in one of the more important areas for the company, its delinquency rates. The move was positive and the rate for 90+ was reduced to 3.5%, down from 4.1% in the previous quarter. Apart from that, there was a slight increase in the gross loans which has aided the company in growing its value and book value per share too. Engaging in the consumer finance market though where they focus on short-term loans is a risky business in my opinion and one that should come with a discount. The market seems to already think poorly of the business as the short interest is over 35% currently, which is incredibly high. This might come Show less Read more
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