FirstCity Reports Difficult Q4, but Rosy Outlook for Purchasing

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FirstCity Reports Difficult Q4, but Rosy Outlook for Purchasing

Debt purchaser and servicer FirstCity Financial Corporation Monday announced financial results for the fourth quarter and year ended Dec. 31, 2007. The company reported earnings of $2.2 million for the year, down nearly 78 percent from earnings for 2006. Waco, Texas-based FirstCity (Nasdaq: FCFC) said that much of the negative growth for the year was attributable to performance in the fourth
 
Topic: Debt Purchasing