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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT Read More | Profile

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recent 8k

posted on Sep 23, 08 07:29AM

I was reading the company's financials and looking at the last 8k. I don't have trouble with Traflagar making a 20% IRR so long as CarBiz makes a decent return on its capital invested. My only concern is if Trafalgar is in a position to dilute CarBiz stock. The markets are soft enough as it is and we don't need any additional downward pressure. I think the upside is that with the recent meltdown there could be more people needing the services of CarBiz. So long as the company has sound lending practices and not those of shady mortgage deals, then CarBiz should do just fine.