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Alliance Data Systems' charge-offs (AP)
Mon, 15 Jun 2009 13:41:36 Etc/GM
The Dallas company said the loss rate, which measures loans written off as not being repaid to the average portfolio size for the month, moved higher because of seasonal trends.
Alliance Data Systems said it expects the loss rate to be in the high 9-percent range for the second quarter.
For the first five months of the year, the loss rate was 9.3 percent.
Shares of Alliance Data fell $1.34, or 2.8 percent, to $46.94 in morning trading.
source: http://biz.yahoo.com/ap/090615/us_alliance_data_delinquencies.html?.v=1