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Taglich's Company Profile
for: |
www.manchesterinc.net
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Manchester, Inc. |
Symbol:
MNCS
Analyst:
Juan Noble
Taglich Rating:
Not Rated
Price Target:
N/A
Time Horizon:
N/A
Rating Established:
April 27, 2007
Price When Established:
$0.09
Most Recent Report:
April 29, 2008
Price When Issued:
$0.09
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Most Recent Update |
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Final Research
Report (April 29, 2008) |
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What's New |
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New information will be posted soon... |
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Company Description |
Manchester Inc. (OTC BB: MNCS), headquartered in Dallas, Texas, retails used vehicles through nine automobile lots in Georgia (4) and Tennessee (2) operating as “Nice Cars”, and Indiana (3) operating under the name “Freedom Auto Sales”. The company operates on a “Buy-Here/Pay-Here” basis; sales, credit application and processing, and collections are all handled at the point of sale. The company extends financing through its own financing arm. Most of its customers are of limited means and have weak credit histories.
The company aims to pursue a strategy of “rolling up” Buy-Here/Pay-Here dealerships and selling the acquired receivables portfolios and receivables generated from ongoing retail operations. These receivables will be sold through a financial intermediary, the company’s line of credit lender, which will bundle some of the receivables into securities (securitization) to be sold on the financial markets. |
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Taglich Research Reports |
Updated
Research Note (October 29, 2007)
Updated
Research Note (October 16, 2007)
Updated Research Report (August
1, 2007)
Initial Research Report (April
27, 2007)
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, the
following Taglich Brothers, Inc. employees had a position in the
stock of the Company mentioned in this report: Luis Martins,
Principal Equity Analyst (1,000 shares); Francisco Clough (1,500
shares). 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
December, 2006, the company paid a monetary engagement fee of
$21,000 (USD) for the first year of creation and dissemination
of research reports and will pay a monthly monetary fee of
$1,750 (USD) to Taglich Brothers, Inc. for these services after
the first year. |
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