On the grow: Part 2 of 2; Range of industries pops up on Superstar 10.(Credit Acceptance Corp. restatements eventually boost past net income.)(Champion Enterprises Inc. has increased its profitability and diversified into modular construction.)(Macatawa Bank Corp. has had steady growth in net income.)

Crain's Detroit Business, July, 2006 by Henderson, Tom

***** Correction: On the Superstar 10 table on Page 11, the labels on the columns for revenue growth and net income growth are reversed. The error does not affect the rankings. ***** 4. Credit Acceptance Corp. Call it the comeback of the year. Last July, Credit Acceptance Corp. was possibly the state's unlikeliest candidate to be a stock superstar.

On July 20, its stock hit its yearly low of $12.08, off from a high in January of $24.97 on news it was being delisted by Nasdaq for not meeting quarterly reporting deadlines. The reason it missed the deadlines is that in April its auditor decided its earnings for recent years would have to be restated. The auditor decided that the company, which finances car loans for those with poor credit, actually...

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