World Acceptance's (NASDAQ:WRLD) utter dependence on predatory loan practices has just been exposed top-to-bottom by Pro Publica, whose award-winning journalism is well above the usual stock market noise.
Citron adds the investment-related perspective that this company draws over half its profitability from dubious "credit insurance", a loan add-on that is clearly deceptive to consumers. The CFPB has already cracked down on two major credit card issuers.
Citron believes World Acceptance is very vulnerable. Kudos to Pro Publica.