Can someone please explain to me why TFG is not recovering, or recovering slower than the other similar retail companies? Am I missing something fundatmental? beacause I think I may see an opportunity on TFG volatility. Thx
I suspect it has to do with the recent scare on unsecured lending which African Banks update gave some impetus to. TFG has exposure through its credit and also its holding in RCS credit providers. I think the difference is that these guys know a lot more about dealing with unsecured loans than the banks do as it has always been the bread and butter of the credit retailers.
Thank you for the info, thats what I don't know. I however know the range of the price. Shame is that I held a long for too long and only settle before yesterday boom. Now shorting at day high, praying for a "decent" ABL impact there.