Ep 382. Franchise Value, The Secret to Geoff Gannon’s Investing, and Analyzing Airline Stocks
Focused Compounding
00:00
Carmart Loans to Deposits Are Off the Chart, Right?
The company was founded in 1919 to sell GM cars. It had no good deposit base or anything, no good funding base. The net interest margin is what is that two and a half percent? Mm hmm. Which is really bad when you consider what kind of loans they're making it means that they're presumably their costs were quite high than a borrowing.
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