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Author: mcmulkerin Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 64  
Subject: Re: Moneylenders Date: 5/1/2001 11:21 PM
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Who cares if you are preying on the poor. The fact is that Ace has been a growing company, they have a good cashflow per share (2.56 i think) and they were selling at a low PE (until this quarter). At 6.5 dollars, i think Ace was around there a few weeks ago, and a PE of or something, you could have bought ace for around 4 something, dropping the PE to 6 (becuas eyou figure that 2.56 per share is just cash flow). Ace has been expanding and buying other stores. As long as it improves (like is has been for the past years) the stock price will grow, and so who cares if you are "preying on the poor"...doesn't that happen in everything we do every day? If you maintain such a principled vantage on companies, you'll miss out on some good steals.
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