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Acceptance Capital Mortgage

Acceptance Capital


CFSI Announces Results for Fiscal Year 2016

2016 Annual Results (Compared to 2015):

Revenue for 2016 increased 19.9% to $15,737,292 compared to $13,112,417 Income (Loss) for 2016 was ($1,060,339) compared to ($4,592,652)

Allen Ringer, CEO, commented, “We reported a net loss for 2016 of $1,060,339 compared to a net loss in 2015 of $4,592,652. The net loss for 2016 resulted from the sale of our interest in a commercial bank and the settlement of two foreclosed loans. The net loss for 2015 included the recognition of non-operating, non-recurring losses of $2,528,300 on an investment in securities and $2,043,300 in impairment losses.”

Mr. Ringer added, “We were pleased with the growth of top line revenue, which continues a positive trend of growth experienced in the preceding three years.” He went on to add, “We have been successful in growing revenue primarily as a result of focus on increasing revenue earned on a per file basis. That has been accomplished by performing more Mortgage Lender functions including underwriting, funding and selling loans directly to secondary market investors. Our current focus is now on growing the number of loan originators employed and of loans originated and funded, while increasing the number of lender function files going forward.

Estabrook Capital Management Trimmed Waste Management (WM) Stake By $536480, American Mortgage ...

Among 12 analysts covering Waste Management Inc. ( NYSE:WM ), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. Waste Management Inc. had 23 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, August 26, the company rating was initiated by Macquarie Research. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 9. The stock of Waste Management, Inc. (NYSE:WM) earned “Outperform” rating by Credit Suisse on Friday, November 6. The stock of Waste Management, Inc. (NYSE:WM) has “In-Line” rating given on Friday, April 29 by Imperial Capital. On Thursday, November 5 the stock rating was maintained by Argus Research with “Buy”. On Thursday, December 17 the stock rating was initiated by JP Morgan with “Neutral”. The rating was downgraded by Barclays Capital to “Equal-Weight” on Wednesday, March 1. Imperial Capital maintained Waste Management, Inc. (NYSE:WM) rating on Thursday, October 29. Imperial Capital has “In-Line” rating and $58 target. The stock of Waste Management, Inc. (NYSE:WM) has “Buy” rating given on Wednesday, October 21 by Stifel Nicolaus. On Tuesday, July 28 the stock rating was upgraded by Argus Research to “Buy”.

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