It was $2.64 when I first found it and I was just lazy and kept putting it off until too late. It may still be cheap but I just have to get over a mental barrier I have on ASFI knowing that I am buying about 150% higher than when I first had the chance.

However, unlike me, Jim bought a whole bunch of ASFI and he has been writing about the company on his covestor blog.

http://www.covestor.com/mbr/ji.....odges/blog

Has anyone had a look at Asta Funding. It is currently trading at a discount of more than 50% to NCAV. It is one of the few companies trading at this level (after the rise of the stock market). The company buys up heavily discounted acc. rev. portfolios which it hopes to make a return on. It buys up creditcard debt, company debt, non-performing acc. rec etc. It has down poorly this year but has a strong track record. I will analyze this company further and provide a more detailed story later on. The only thing I worry about is whether or not it has large off-balance sheet liabilities. Other than that, it looks very contrarian (something I like).

Reg,

Floris