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Profile - MFN Financial Corporation (OTC BB:MFNF.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Insider
Location
100 Field Drive, Suite 340
Lake Forest, IL 60045
Phone: (847) 295-8600
Fax: (847) 295-8699
Employees (last reported count): 765
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Consumer Financial Services
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 88%
·Institutional: 19% (157% of float)
(16 institutions)
·Net Inst. Buying: 950.0K shares (+33.51%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
MFN Financial Corporation is a consumer finance concern engaged, through its subsidiaries, in the business of acquiring individual installment sales finance contracts from automobile dealers and retail vendors, extending short-term installment loans directly to consumers and selling credit insurance and other related products through MFN Insurance Company. MFN Insurance provides aggregate coverage for incurred losses in excess of targeted loss ratios through a reinsurance agreement with the primary carrier. MFN Insurance also purchases insurance coverage and charges its customers who let their insurance coverage lapse on automobiles that are collateral on the outstanding retail sales contracts.
More from Market Guide: Expanded Business Description

Financial Summary
MFNF is a consumer finance company, engaged in lending money to borrowers who generally would not be expected to qualify for traditional financing, such as that provided by commercial banks. For the six months ended 6/30/01, interest income fell 7% to $59.4 million. Net income fell 41% to $7.6 million. Interest income reflects reduced finance charges and loan fees. Net income also suffered from reduced insurance premiums and commissions income.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Edward Harshfield, 63
Chairman
$2.5M
Jeffrey Weeden, 43
Pres, CEO, Chief Operating Officer, Director
490K
Mark Dapier, 52
Exec. VP, Gen. Counsel, Sec.
345K
Mark Whitham, 39
CAO
206K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:MFNF.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 2-Jan-2001
$4.125
Recent Price$6.50 
52-Week High
on 5-June-2001
$10.00 
Beta0.02 
Daily Volume (3-month avg)14.8K
Daily Volume (10-day avg)0 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change-5.5%
52-Week Change
relative to S&P500
+26.8%
Share-Related Items
Market Capitalization$64.9M
Shares Outstanding9.99M
Float1.20M
Dividends & Splits
Annual Dividendnone 
Last Split: 3 for 2 on 1-Nov-1995
Per-Share Data
Book Value (mrq)$13.23 
Earnings (ttm)$1.32 
Earnings (mrq)$0.37 
Sales (ttm)$12.20 
Cash (mrq)$5.60 
Valuation Ratios
Price/Book (mrq)0.49 
Price/Earnings (ttm)4.93 
Price/Sales (ttm)0.53 
Income Statements
Sales (ttm)$122.3M
EBITDA (ttm)$91.6M
Income available to common (ttm)$13.2M
Profitability
Profit Margin (ttm)10.8%
Operating Margin (ttm)52.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)2.39%
Return on Equity (ttm)10.55%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)2.45 
Total Cash (mrq)$55.9M
Short Interest
As of 7-Apr-1998
Shares Short10.2M
Percent of Float8.7%
Shares Short
(Prior Month)
10.3M
Short Ratio10.06 
Daily Volume1.01M
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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