LM Funding America Inc
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Financials : Diversified Financial Services | Small Cap Blend
Company profile

LM Funding America, Inc. is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. It offers incorporated nonprofit community associations (Associations), a range of financial products customized to each Association's financial needs. Its products include Original Product and New Neighbor Guaranty. Its Original Product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. The Company offers the New Neighbor Guaranty, wherein an Association assigns its indebtedness and accruals on its delinquent units to it in exchange for payments in an amount equal to the regular ongoing monthly or quarterly assessments for delinquent units when those amounts would be due to the Association.


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Nio's stock bounces after J.P. Morgan analyst raises target, but expects 'pullback' near term

8:23 am ET August 12, 2020 (MarketWatch)

Shares of Nio Inc. (NIO) bounced 2.7% in premarket trading Wednesday, after J.P. Morgan analyst Nick Lai raised his stock price target to $14 from $11, saying he believes new-energy vehicle (NEV) demand in China could accelerate. Meanwhile, Lai kept his rating at neutral, saying he believed valuations were "stretched." Nio reported early Tuesday a narrower-than-expected second-quarter loss (http://www.marketwatch.com/story/nios-stock-soars-toward-record-territory-after-narrower-than-expected-loss-upbeat-deliveries-outlook-2020-08-11) and revenue that rose more than forecast. The stock had soared as much as 12% before Tuesday's open, before reversing course to close down 8.6%. "Top down, we are optimistic about the 'smart EVs' trend, which is particularly fast in China, incl. EV start-ups, and we believe penetration of NEV demand in China could accelerate from here, more than doubling from 5% in 2019 to 14% by 2025E," Lai wrote in Wednesday's research note. "On the flip side, we believe valuations are getting stretched and expect to see a share price pullback near-term -- hence our neutral stance." The stock has more than tripled (up 223.1%) year to date, shares of U.S.-based rival Tesla Inc. (TSLA) have also more than tripled (up 228.5%) and the S&P 500 has gained 3.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 12, 2020 08:23 ET (12:23 GMT)

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