America's Car-Mart: Pricing In A Bankruptcy That Isn't Happening (NASDAQ:CRMT)

It's rare to find a company with a 40-year operating history and a book value of around $65 per share trading in the mid-$20s. Usually, when a gap that wide opens up it means the market believesI'm a fundamental investor who targets situations where the market has pushed a company’s valuation far out of line with its underlying economics. My professional background in corporate financial analysis has deeply shaped my investment perspective, leading me to focus intensely on cash flow durability, balance shee ...