Advanta can "meet near-term operating needs", but with defaults rising over 10 percent and delinquencies also higher, the Spring House business credit card lender could find it tough to sell loan securities in the future, and should cut its dividend, says Friedman, Billings, Ramsey & Co. analyst Scott Valentin, citing new Advanta data. FBR trades Advanta stock on Nasdaq. Valentin's report here.
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