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Taglich's Company Profile for: |
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Most Recent Update |
Final Research Report (Dated December 18, 2009)
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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 |
Final Research Report (Dated December 18, 2009) Updated Research Report (Dated September 17, 2009) Updated Earnings Note (Dated September 11, 2009) Updated Research Report (Dated June 26, 2009) Updated Earnings Note (Dated June 16, 2009) Updated Research Note (Dated June 3, 2009) Updated Earnings Note (Dated May 01, 2009 Updated Research Note (Dated April 02, 2009) Updated Research Note (Dated February 4, 2009) Initial Research Report (Dated October 9, 2008)
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All Research Reports are in Adobe Acrobat format.
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*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. Baldwin Technology Company, Inc BioForce Nanosci. Holdings, Inc. Carbiz, Inc. Command Security Corp. CTI Industries Corp Derma Sciences, Inc. DRI Corporation Element 21 Golf Company Gulfstream International Group, Inc. Hyperdynamics Corporation INX, Inc. Leading Brands, Inc. Life Partners Holdings, Inc. Lifeway Foods, Inc. Littlefield Corporation NeoGenomics, Inc. Neoprobe Corporation Novadaq Technologies Inc. Orchids Paper Products Park City Group, Inc. Patriot Scientific Corp. Pressure BioSciences, Inc. Radiant Logistics, Inc. Simulations Plus, Inc. SMF Energy Corporation TranSwitch Corporation UFP Technologies, Inc. US 1 Industries, Inc. Williams Controls, Inc.
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