close
Edit Metric
Company
Value
Source
Source URL
Notes
Cancel
 
close
Edit  |  History
Details
Company:
Value :
Source:
Source URL:
Notes:
 
Feedback  |  FAQ
Get involved


Marlin Business Services (MRLN)[1] is a small ticker leasing company. Nearly half of their leases occur without financial statements typically associated with larger leases. So the owners back the leases with personal assets. Such leases do not lend themselves to competition from big banks, but that does not stop the banks from trying to enter the market in each market cycle.

Leases are securitized once a year and prefunding of the next leasing cycle occurs.

The company has recently tried to enter the factoring business, but initial attempts to jump in were complicated with the wrong hiring decision. The company is taking a more measure approach currently.

The company also received a commercial bank charter, but is not pleased with the terms of the charter. They have until mid 2008 to decide if they want to proceed with bank operations. The primary attraction is the lower cost source of funds.


Contents

[edit] History

When Marlin went public the key executives were Dan Dyer, Gary Shivers, and Bruce Sickle. First Bruce resigned and was replaced by Lynn Wilson, formerly with GE. Next Gary retired and was replaced with the internal promotion of George Pelose.


[edit] Recent Events

Marlin completed the securitization of its current pool of leases. The interest rate required by the buyers was higher than in prior years.


Financial services leasing industry Interest rate spread Interest Rates


[edit] References

1. All information from the company

[edit] References

  1. 1
The Shelf
Contributions
Help make Wikinvest better! Learn how to get involved. And create an account to build your reputation.
Did you know…?
Bookmarks
Worried about pump and dump?
We review changes
for stock spam
Want to make Wikinvest better?
We need your help,
contribute today
Do you write software?
We are recruiting
the best engineers
Like Wikinvest?
Spread the word —
Tell your friends!
Wikinvest © 2006, 2007, 2008. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki