Today, the Federal Reserve raised interest rates by 50bp (half a percentage point), the largest increase since 2000. They also laid out plans to start slowly unwinding the enormous $9 trillion balance sheet the institution is carrying. We first highlighted the danger that understated and rising inflation posed back in November while the Fed was … Read more
Curo Group (ticker: CURO) announced a strong first quarter after the close. Revenue of $290MM was up 48% and beat analyst estimates of $274MM. Adjusted earnings of $.15 also beat expectations by $.03. Like Enova International (ticker: ENVA), Curo is regrowing the loan book after a lack of economic activity caused by Covid shutdowns reduced … Read more
Two quarters ago, terrible results from education company, Chegg (ticker: CHGG) caused a huge drop in Coursera (ticker: COUR) stock. We wrote about the fact that these companies are in two different businesses, and that Chegg is regarded as a “cheating site”. At the time, Chegg complained that fewer people were entering college and those … Read more
