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Enter Symbol:
Rating: NICK
Buy $8.50
down 12.00 %

Ferris Baker Watts reiterated Nicholas Financial, Inc. (NASDAQ: NICK) to Buy with price target $8.50

Friday,  May 9, 2008  10:25 AM ET by Dave Ficere

Ferris Baker Watts reiterated Nicholas Financial, Inc. (NASDAQ: NICK) to Buy with price target $8.50. Previously Ferris Baker Watts rated Buy Nicholas Financial, Inc. (NASDAQ:
NICK) on 11/07/2007, when the stock price was $7.70. Since then, Nicholas Financial, Inc.'s stock price has lost 12% as of 05/09/2008's recent price of $6.79.
If you would have followed the previous Ferris Baker Watts's recommendation on NICK, you would have lost 12% of your investment in 184 days.

Nicholas Financial, Inc. (Nicholas Financial-Canada) is a holding company. The business activities of Nicholas Financial-Canada are conducted through its two wholly owned subsidiaries Nicholas Financial, Inc. (Nicholas Financial) and Nicholas Data Services, Inc., (NDS). Nicholas Financial is a specialized consumer finance company engaged in acquiring and servicing contracts for purchases of new and used automobiles and light trucks. To a lesser extent, Nicholas Financial also makes direct loans and sells consumer-finance related products. NDS is engaged in supporting and updating industry-specific computer application software for small businesses located in the Southeast United States. Nicholas Financial?s financing activities accounted for more than 99% of the Company?s consolidated revenues during the fiscal years ended March 31, 2009 (fiscal 2009). NDS?s activities accounted for less than 1% of consolidated revenues during fiscal 2009.

Ferris, Baker Watts, Incorporated is the largest full-service investment banking firm headquartered in Washington, DC. The company is a member of the New York Stock Exchange and SIPC, and is wholly-owned by its employees. The company is a dynamic force in investment banking serving clients throughout the mid-Atlantic region. Our firm is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions.

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