[mcashark]

First Capify now CAN, Strategic making some huge moves, if this is true

[J.Celifarco]

if what is true? elaborate

[MCNetwork]

If true, I think that's a smart purchase. CAN has a ton of data and a huge book of business.

[Sachip24]

wow is there anywhere I can read up on this? do you have a link

[Kevin Henry-Seacoast]

If true, I think that's a smart purchase. CAN has a ton of data and a huge book of business.

A ton of data and a huge book that obviously did not do well......

[staten]

Love to see the indemnification clause if this is true....

[MCNetwork]

A ton of data and a huge book that obviously did not do well......

Yeah but I'd love to be able to cherry pick that book.

[Kevin Henry-Seacoast]

Yeah but I'd love to be able to cherry pick that book.

here....catch this dumpster, it's on fire and has rats in it......

[WestCoastFunding]

here....catch this dumpster, it's on fire and has rats in it......

Unless they got the book at a firesale price.

[GSilverman]

And offer the retention portion of the book 1.30 11 mo deals when they have existing 1.21 12mo...and ask for Financials and only offer $50K 7 months on a stack. Good luck to you.

[MCNetwork]

Well they won't have much of a choice. The low rate players are becoming extinct. If not, they're raising their factors.

[GSilverman]

Great point! But there remains lower rate players than SFS for A Paper and Stacking...Let's make a list.

[WestCoastFunding]

Great point! But there remains lower rate players than SFS for A Paper and Stacking...Let's make a list.

"Mantis"

-Marcus

[Michael I]

And offer the retention portion of the book 1.30 11 mo deals when they have existing 1.21 12mo...and ask for Financials and only offer $50K 7 months on a stack. Good luck to you.

you still have the merchants that were still renewing on the 1.38 6-8 months for the last 8 years. can was used for the b c rates also. Only recently was it that crazy retention program. i just did one last week that had can 7 times (510 credit) and funded him a first position 7 months 1.40

[Karen37a]

I agree with Mcn on the smart purchase.

The Ceo knows what he is doing. In fact he was a Managing investment banker way back in the day at the same firm that my friend Happy Hor**** worked in for 10 years. What a small financial world.

I am sure if he did it he got it for pennies on the dollar.Books of business have to factor in retention rate,values and overall potential future profits when being sold.

When you have a company or person who can raise their own capital with out begging for it or selling their soul they are in the drivers seat.

If anyone knew anything they would not be allowed to publicly disclose until its a done deal or they decide to take it off the table.

[J.Celifarco]

all of their data is what is worth buying. CAN ran into problems with reporting of financials and made mistakes along the way but the data is still worth something.. Thats years of Cash advance data, forget the deals that alone can improve underwriting for whoever bought it if they know how to use it.. The book of business I assume they got for pennies on the dollar

[MCNetwork]

20 years of cash advance data and a multi-billion dollar portfolio. I'd jump on it!

[Karen37a]

I am not an expert at valuing the cash advance data, but I would think some if it would be considered an Aged Glorified UCC list.

The ones that people hate so much that are free on the net.

I would break it down to the performing "loans" or advances and potential for renewals.

[WestCoastFunding]

The new Can Capital will roll-out their new 1.49 over 80 payments.

[J.Celifarco]

I am not an expert at valuing the cash advance data, but I would think some if it would be considered an Aged Glorified UCC list.

The ones that people hate so much that are free on the net.

I would break it down to the performing "loans" or advances and potential for renewals.

not just that data, I am talking about performance data. What industries perform the best what geographic locations perform the best....... With all the info they have a company can jump ahead years by seeing what works and doesnt from an underwriting standpoint

[GSilverman]

CAN Performance Data is worthless. SFS does real Underwriting. How many CAN Merchants will sign a SFS COJ? How many will submit Financials? When SFS changes the rules on existing CAN customers, they will shop...creating another mini-bonanza for competitors.

[MCNetwork]

The incumbent funding company always has the inside track on renewals. Just offer to do an Add Funds instead of Refinance and they can keep 80% of the book.

[Karen37a]

John C ... ( last initial included to not start an inadvertent debate)

I see your point but what I have found is that each underwriter has their own opinions on what worked for them in the past and what didnt..hence the extended offer sics and restricted guidelines changing depending on the company.I also believe that Can capital had Major flaws in their data gathering and client pool and choice for their grade of paper and stringent renwal policies ( at times) which caused them to be stacked.

I would also love to see it to do an analysis as you are stating but I also think that most underwriters and Financial people are too ridged to see another perspective. Most of the times they will not change their viewpoint and go down with the ship. Also 3 people can see the same data and come up with 3 different conclusions.

You are one of very few who would see the reasoning in wanting it though.

[CreditGuy]

can performance data is worthless.

lol.

[J.Celifarco]

John C ... ( last initial included to not start an inadvertent debate)

I see your point but what I have found is that each underwriter has their own opinions on what worked for them in the past and what didnt..hence the extended offer sics and restricted guidelines changing depending on the company.I also believe that Can capital had Major flaws in their data gathering and client pool and choice for their grade of paper and stringent renwal policies ( at times) which caused them to be stacked.

I would also love to see it to do an analysis as you are stating but I also think that most underwriters and Financial people are too ridged to see another perspective. Most of the times they will not change their viewpoint and go down with the ship. Also 3 people can see the same data and come up with 3 different conclusions.

You one of very few who would see the reasoning in wanting it though.

the other thing they are getting if they bought everything that has value is the website and it standing on google.. I am sure CAN is still one of the top organic results that pop up. Forward to a strategic landing page and you can make a lot of money on the deals that come form that. There are a lot of different things that have value other then just the book of business