| Address:
|
300 FELLOWSHIP ROAD
|
| City: |
MT. LAUREL |
|
State: |
NJ |
|
Zip Code: |
08054 |
| Telephone: |
888-479-9111 |
|
Description of Business
|
Primary SIC Code:
6022 |
| (As filed with the SEC)
|
|
|
We are a nationwide provider of equipment financing solutions primarily to small
and mid-sized businesses. We finance over 100 categories of commercial equipment
important for the typical small and mid-sized business customer, including
copiers, security systems, computers, telecommunications equipment and certain
commercial and industrial equipment. Our average lease transaction was
approximately $11,300 at December 31, 2010, and we typically do not exceed
$250,000 for any single lease transaction. This under $250,000 segment of the
equipment leasing market is commonly known in the industry as the small-ticket
segment. We access our end user customers through origination sources comprised
of our existing network of over 9,200 independent commercial equipment dealers
and, to a much lesser extent, through direct solicitation of our end user
customers and through relationships with select lease brokers. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.43 | 0.060 | 24.65 | | 06/2011 | 0.40 | NA | 31.62 | | 03/2011 | 0.40 | NA | 30.85 | | 12/2010 | 0.44 | NA | 28.75 | | 09/2010 | 0.36 | NA | 33.33 | | 06/2010 | 0.29 | NA | 41.69 | | 03/2010 | 0.26 | NA | 39.04 | | 12/2009 | 0.08 | NA | 99.12 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.07 | Total Liab/Total Assets | 0.66 | | Net Inc/Total Assets | 0.01 | Total Liab/Inv Cap | 0.66 | | Net Inc/Inv Cap | 0.01 | Total Liab/Comm Equity | 3.54 | | Pretax Inc/Net Sales | 0.22 | Interest Coverage Ratio | 1.52 | | Net Inc/Net Sales | 0.16 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.61 | LTD/Equity | 1.12 | | SG&A/NetSales | 0.92 | Total Debt/Equity | 1.12 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 54.48 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 16.64 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
8.71
|
11.73
|
9.56
|
9.06
|
|
Cost of Goods Sold
|
NA
|
NA
|
NA
|
NA
|
|
Selling & Admin Exps
|
8.96
|
8.69
|
9.60
|
9.04
|
|
Operating Income
|
-0.26
|
3.04
|
-0.04
|
0.02
|
|
Interest Exp
|
2.71
|
3.06
|
3.29
|
3.41
|
|
Pretax Income
|
3.00
|
2.46
|
1.22
|
1.36
|
|
Other Income
|
3.26
|
-0.58
|
1.25
|
1.34
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.83
|
1.53
|
0.75
|
1.45
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
77.76
|
82.81
|
91.28
|
84.13
|
|
Receivables - Total
|
0.04
|
0.30
|
4.07
|
0.20
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
2.18
|
2.15
|
2.26
|
2.18
|
|
Total Assets
|
473.38
|
467.25
|
474.27
|
468.06
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
13.02
|
12.56
|
13.40
|
10.00
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
0.00
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
115.09
|
143.79
|
178.32
|
178.65
|
|
Total Liabilities
|
310.98
|
305.68
|
312.90
|
308.06
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
NA
|
0.00
|
|
Common Stock
|
0.13
|
0.13
|
0.13
|
0.13
|
|
Retained Earnings
|
77.14
|
75.31
|
73.78
|
73.02
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
162.41
|
161.57
|
161.37
|
160.00
|
|
Total Liabilities and Stockholders' Equity
|
473.38
|
467.25
|
474.27
|
468.06
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
6.30
|
7.12
|
4.49
|
2.26
|
|
Net Cash Provided by Investing Activities
|
-12.56
|
12.04
|
-3.10
|
6.80
|
|
Net Cash Provided by Financing Activities
|
2.70
|
-7.31
|
1.66
|
-16.13
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 103.46 | 18.63 | 1.53 | | 12/2007 | 118.91 | 18.29 | 1.49 | | 12/2008 | 115.60 | -5.23 | -0.44 | | 12/2009 | 28.92 | 1.04 | 0.08 | | 12/2010 | 36.29 | 5.67 | 0.44 | | Growth Rates | -23.04 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 52 | 8,417 | 65.70 |
|
Report Date :
1/30/2012
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