Asta Funding Inc. (Nasdaq:ASFI), describes itself as a leading consumer receivable asset management company that specializes in the purchase, management and liquidation of performing and non-performing consumer receivables. Asta generates revenues and earnings primarily through the purchase and collection of performing and non-performing consumer receivables that have typically been either charged-off by the credit grantors or not considered to be prime receivables. These receivables include MasterCard, Visa and other credit card accounts issued by banks and other consumer loans issued by credit grantors. Asta may also purchase bulk receivable portfolios that include both distressed and non-conforming loans.

The fundamentals of Asta look solid and that is demonstrated by the strong earnings report for the fiscal first-quarter. Earnings of 64 cents per share, outpaced the consensus estimate by about 12% and improving on the previous year's 43 cents. ASFI has a net margin of .45, currently the highest listed under this Profit Track, and produced annual earnings growth of 37% above the previous year. The strong price pattern, PE ratio, price and group rank all add to the companies current positive position. Look for both the Financial/Consumer Financial Services (.FCF) sector and Asta Funding (ASFI) to continue their strong performance in coming months, especially if markets remain choppy.