Copart (CPRT)

Add a New Bears Reason Company: Copart (CPRT) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 2 votes   Worries over the British Pound and the Euro threaten profit Top Contributor: Rashad Badr | Created when NASDAQ:CPRT was $36.47 | Edit | History With the Greek debt crisis, worries over the future of European economic wellness drive the value of the USD up and the value of European currencies down. This fluctuation in currency values threatens Copart's profits abroad, amounting to losses of approximately $2.4 million at the end of 2009. If Europe's credit crisis is not resolved in a timely and effective manner, Copart's UK segment will see both losses in profits as well as unfavorable exchange rates. (100 character max) Cancel

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