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Takeaway: We are adding World Acceptance Corp to the long side of Investing Ideas today.

Below is a brief note written by CEO Keith McCullough:

Patience is a big part of the research and risk management #process. The epic correction from World Acceptance Corp's (WRLD) highs yesterday is a good example of that. 

Here's the concluding paragraph from Josh Steiner's Institutional Research note from this morning:

"We expect loan growth to stabilize and return to the trend present prior to the days of the CFPB and the recent Mexican standoff. At this stabilized, achievable level, evidenced by crisis-era comparables, we do not expect the share of new borrowers to increase further."

Buy the correction,

KM