Added to YB: 2026-03-11
Pitch date: 2026-01-07
ATLC [bearish]
Atlanticus Holdings Corporation
+22.37%
current return
Author Info
No bio for this author
Company Info
Atlanticus Holdings Corporation, a financial technology company, provides products and services to lenders in the United States.
Market Cap
$829.9M
Pitch Price
$67.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
9.73
EV/Sales
N/A
Sector
Consumer Finance
Category
special_situation
Atlanticus Holdings Corporation - $ATLC (short)
ATLC (short): Manipulating financials via $206M fair value write-ups + $140M accelerated fee revenue = 91% of $381M cumulative pre-tax income since FY23, leaving true economic earnings ~$35M. Defrauding consumers w/ hidden fees (violating 2008 FTC settlement). Mercury acquisition lost $235M in 2.5yrs, needed $250M capital injections. Operating unlicensed in Texas ($400M+ penalty risk). Growing NOLs despite reported profits. Tangible equity near zero or negative if proper loan loss reserves applied vs 2.55x 30+DQ coverage at peers.
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