David Schawel, CFA

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David Schawel, CFA, is a fixed-income portfolio manager in Raleigh, North Carolina, and Durham, North Carolina. Previously, he worked in New York City in both investment banking and equity research.

Springleaf Holdings and the re-emergence of sub-prime consumer lending

David Schawel, CFA

This is a bull case for the equity in a subprime lender formerly owned by AIG. David contends the company may be in for a bright future due a confluence of factors that would have seemed unlikely just a few months ago, including the return of the asset-backed securities (ABS) market and the credit quality of subprime borrowers. As you read, imagine how you would have reacted to these same words written just a few years ago. Read more

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