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Taglich's Company Profile
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Most Recent Update |
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Initial Research
Report (Dated October 9, 2008) |
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What's New |
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New information will be posted soon... |
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Company Description |
Carbiz Inc. (CBZFF.OB), headquartered in Sarasota, Florida, operates used car retail lots on the Buy-Here/Pay-Here model, selling vehicles to customers of limited means and damaged credit histories. The company’s used car lots, concentrated mainly in the Midwest US, are located as follows: Indiana (7), Illinois (6), Oklahoma (4), Florida (2), Iowa (2), Nebraska (2), Ohio (1), Kentucky (1) and Texas (1). The markets around each of the lots are broadly defined as a 25-mile radius, within which the company directs print, radio and television at prospective customers. In recent months, selling prices at the Carbiz lots have ranged from $9,000 to $11,000. The company procures its inventory from vehicle auctions.
Carbiz aims to increase auto sales, partly by implementing a Tier 2 lending program centering on higher-price vehicles, and improve its credit loss experience (and operating margins) by upgrading the quality of its loan portfolio. Opportunistic acquisitions are a possibility. Management believes that its prior history in the software and consulting business that served Buy Here-Pay Here auto dealers places the company in a position to make synergistic acquisitions. While current conditions in the credit markets make securitization impractical, management believes that its credit screening will ensure receivables quality that qualifies its portfolio for securitization. |
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Taglich Research Reports |
Initial report listed above...
All Research Reports are in Adobe Acrobat format.
(for the latest Adobe Acrobat reader click
here)
*The
information and statistical data contained herein have been
obtained from sources, which we believe to be reliable but in no
way are warranted by us as to accuracy or completeness. We do
not undertake to advise you as to change in figures or our
views. This is not a solicitation of any order to buy or sell.
Taglich Brothers, Inc. is fully disclosed with its clearing
firm, Pershing, LLC, is not a market maker and does not sell to
or buy from customers on a principal basis. The above statement
is the opinion of Taglich Brothers, Inc. and is not a guarantee
that the target price for the stock will be met or that
predicted business results for the company will occur. There may
be instances when fundamental, technical and quantitative
opinions contained in this report are not in concert. We, our
affiliates, any officer, director or stockholder or any member
of their families may from time to time purchase or sell any of
the above-mentioned or related securities. Analysts and members
of the Research Department are prohibited from buying or selling
securities issued by the companies that Taglich Brothers, Inc.
has a research relationship with, except if ownership of such
securities was prior to the start of such relationship, then an
analyst or member of the Research Department may sell such
securities after obtaining expressed written permission from the
Director of Research. As of the date of this report, we, our
affiliates, any officer, director or stockholder, or any member
of their families do not have a position in the stock of the
company mentioned in this report. Taglich Brothers, Inc. does
not have an investment banking relationship with the company
mentioned in this report and was not a manager or co-manger of
any offering for the company within the last three years. All
research issued by Taglich Brothers, Inc. is based on public
information. In October, 2008, the company paid a monetary fee
of US$6,000 representing payment for the first three of 12
months, for the creation and dissemination of research reports.
From February, 2009 through September, 2009, the company will
pay a monthly monetary fee of US$2,000, for a total one-year fee
of US$24,000 for the creation and dissemination of research
reports. For further information and Taglich Brothers, Inc.
ownership data please refer to each individual report. |
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Taglich Covered Companies |
AeroCentury Corp.
Anglo Swiss Resources, Inc.
BioForce Nanosci. Holdings, Inc.
Carbiz, Inc.
Cardium Therapeutics, Inc.
Command Security Corp.
CTI Industries Corp
Derma Sciences, Inc.
DRI Corporation
EnerLume Energy Mgt. Corp.
GammaCan International, Inc.
Hartmarx Corporation
Hyperdynamics Corporation
INX, Inc.
Life Partners Holdings, Inc.
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Pressure BioSciences, Inc.
Radiant Logistics, Inc.
Reed's Inc.
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US 1 Industries, Inc.
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Williams Controls, Inc.
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