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| related topics |
| {stock, price, operating} |
| {condition, economic, financial} |
| {debt, indebtedness, cash} |
| {loan, real, estate} |
| {regulation, change, law} |
| {control, financial, internal} |
| {capital, credit, financial} |
| {personnel, key, retain} |
| {loss, insurance, financial} |
| {customer, product, revenue} |
| {provision, law, control} |
| {acquisition, growth, future} |
| {competitive, industry, competition} |
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Risks Related to Our Business
We require substantial liquidity to run our business.
Our automobile finance business would be harmed if we cannot maintain relationships with independent dealers and franchisees of automobile manufacturers.
Because we loan money to credit-impaired borrowers, we may have a higher risk of delinquency and default.
We depend on our warehouse facility to fund our automobile finance operations in order to finance the purchase of automobile contracts pending a new securitization. Our business strategy requires that such financing continues to be available to us.
We depend on securitizations to generate cash.
The terms of our securitizations depend on credit enhancement and there is no assurance we will be able to continue to obtain credit enhancement.
We expect our operating results to continue to fluctuate, which may adversely impact our business.
If we do not retain our key employees and we fail to attract new employees, our business will be impaired.
Competition may adversely affect our performance.
We may be unable to manage or sustain our growth.
We face risks related to our recent accounting restatements.
If we fail to maintain an effective system of internal and disclosure controls, we may not be able to accurately report our financial results or prevent fraud.
Risks Related to Our Ownership and Organizational Structure
The ownership of our common stock is concentrated, which may result in conflicts of interest and actions that are not in the best interests of all of our shareholders.
We are a holding company with no operations of our own.
Risks Related to Regulatory Factors
The scope of our operations exposes us to risks of noncompliance with an increasing and inconsistent body of complex state and local regulations and laws.
Risks Related to Factors Outside Our Control
Adverse economic conditions could adversely affect our business.
Fluctuations in interest rates could adversely affect our margin spread and the profitability of our lending activities.
Decreases in wholesale auction proceeds could adversely impact our recovery rates.
Full 10-K form ▸
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