ACF is NOT in the home equity business!!

[anvilring]

And yet they have been clobbered with this latest (and expected...) credit troubles sitting on the shoulders of AHM, LEND, CFC and the like.
ACF however has a ton of cash, a good ballance sheet and loans money on cars!!!  They just announced a 1.5 bil. asset backed securitization and their earnings come out the 8th and are expected to be about $2.50 per share. This looks cheap to me. No??