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Will Obama Hurt The Profitability Of Payday Lenders?

Wed, 04 Feb 2009 13:03:00 GMT

With unemployment hitting records highs and consumers across the country strapped for cash, payday lenders and pawnshops seem like a obvious area to profit from this unfortunate trend. Pawnshops, of course, engage in supplying small loans to individuals using their personal valuables as collateral. Payday loans, also known as payday advances, are similar. The consumers gets a short-term loan using his next paycheck as collateral. Usually, the customer must hand over a post-dated check before receiving the cash. If he fails to return to the store and pay back the loan, the lender can take the amount right out of the customer’s checking account.[More...]

First Cash Financial Services (FCFS) Strong on Pawn Shops

Wed, 28 Jan 2009 16:51:00 GMT

First Cash Financial Servuces (FCFS) is another pawn shop operator/cash advance store but quite similar to EZCORP (EZPW) (heavier emphasis on pawn shops) rather than Cash America (CSH) which is more balanced among the two. After the whole sector has been beaten down of late based on Obama threats to the cash advance busines, it had a very nice day yesterday on earnings - one way or the other I intend to make a buck in this sector; so far it's been elusive. Ironically both FCFS and EZPW are making strong pushes into Mexico ... Pawn shop operator First Cash Financial Services Inc. said Tuesday its [More...]

EZCORP Suffering Due to Competitors Warning

Wed, 21 Jan 2009 17:39:00 GMT

Due to a weakening chart we cut back EZCORP (EZPW) from a 2.0% stake to what I call a holding position (0.1%) last Friday (Jan 16: Cutting Back EZCORP). Sometimes you get fortunate - the stock is down 8%+ today on a warning from competitor (and Cramer's pick in the space) Cash America (CSH). Now ....we did not like Cash America ourselves because it had a higher exposure to the cash advance business (rather than pawn shop) but it appears all these stocks are treated "the same" by the market, despite the different weightings of "cash advance" vs "pawn shop". Ironically EZCORP was one of the few stocks holding up yesterday. A lot of this sounds Cash America specific[More...]

Wall Street Journal: People Pulling Up To Pawnshops Today Are Driving Cadillacs and BMWs

Mon, 05 Jan 2009 00:58:00 GMT

Occasionally you get a thesis correct, but can't seem to find the horse to profit from. I've been on the pawn shop bandwagon since mid summer since I thought the economy would be far worse than the punditry. (Jul 24: Cash America (CSH) and EZCORP (EZPW) Both Report Today - Starting Small Stake in EZCORP) (Jul 10: Another Payday Loan/Pawn Shop Breaks Out on Higher Guidance - A Trend Seems to be Afoot) I avoided Cash America (CSH) correctly - the Jim Cramer pick (ahem) ([More...]

Plan B For The Not So Wealthy

Wed, 31 Dec 2008 04:16:00 GMT

For a long time, the conventional wisdom was that even if the economy headed south, the well-to-do would not be seriously affected. After all, they had plenty of money. A weak economy and falling prices would only bolster their purchasing power. Of course, those assumptions rested on the belief that those who were classified as being in the upper echelons were truly wealthy, and that their financial standing was not overly dependent on borrowed money or a steady paycheck. As it happens, that was not the case. And that is one reason why, as the Wall Street Journal reports, "People Pulling Up to Pawnshops Today Are Driving Cadillacs and BMWs." Well-to-Do Turn to Last-Resort[More...]

Pawnshops For A Tough Economy

Mon, 27 Oct 2008 18:18:00 GMT

The current state of the stock market raises a lot of questions. If a company reports good earnings, will they be able to continue the trend into the future? I am seeing a significant number of companies reporting growing[More...]

Jim Cramer Jumps on Pawn Shop Bandwagon

Mon, 20 Oct 2008 18:17:00 GMT

Just noticed this Cramer pump of the pawn shops, specifically Cash America (CSH) from last week's Mad Money - we identified this trend in July (Jul 7: Missed Opportunity in Cash America) (Jul 10: Another Payday Loan/Pawn Shop Breaks Out on Higher Guidance - A Trend Seems to be Afoot) but we don't have a TV show ;) I prefer EZCORP (EZPW) over Cash America (CSH) due to the heavier exposure of the latter to the cash advance business, but both have extensive pawn shop networks.[More...]

Cash America International - Growth And Income - Zacks Rank Buy

Thu, 09 Oct 2008 13:33:00 GMT

Cash America International (CSH) recently announced that it will acquire an 80% ownership interest in a 100 store chain of pawnshops in Mexico. CSH noted that this transaction would allow it to acquire what is believed to be the second largest privately owned pawn chain in Mexico through a majority purchase of the parent company which owns and operates the business. Company Description Cash America International owns and operates pawnshops in the United States. It offers pawn loans, short-term cash advances, check cashing services, and other specialty financial services to individuals. The company also sells merchandise in its pawnshops, primarily personal property that has been forfeited in connection with its pawn lending[More...]

EZCORP Acquires 11 Nevada Pawn Shops

Mon, 08 Sep 2008 17:27:00 GMT

I guess EZCORP (EZPW) is considered a financial since it is flying this morning - or perhaps it's this news. Either way I am going to take this opportunity to cut the position by 1/3rd, selling in the $16.60s on the "gap up". We're reducing from a 2.4% st[More...]

Cash America Narrowly Beats Analysts' Expectations

Fri, 23 Oct 2009 05:46:00 GMT

Oct. 23--Cash America International narrowly topped analysts' predictions Thursday when it reported that net income soared 19 percent in the third quarter, helped by its Mexican pawnshops, healthy gold sales and resurgence in payday lending.
The Fort Worth-based pawnshop chain also said it expects fiscal 2009 earnings of $3 to $3.08 per share, up from $2.70 the year before, and forecast earnings in fiscal 2010 of $3.45 to $3.60 a share.
Cash America earned $22.5 million in the quarter, or 73 cents a share, beating analysts' averaged estimate by a penny.

: iStockAnalyst.com Symbols Feed

Will Obama Hurt The Profitability Of Payday Lenders?

First Cash Financial Services (FCFS) Strong on Pawn Shops

EZCORP Suffering Due to Competitors Warning

Wall Street Journal: People Pulling Up To Pawnshops Today Are Driving Cadillacs and BMWs

Plan B For The Not So Wealthy

Pawnshops For A Tough Economy

Jim Cramer Jumps on Pawn Shop Bandwagon

Cash America International - Growth And Income - Zacks Rank Buy

EZCORP Acquires 11 Nevada Pawn Shops

Cash America Narrowly Beats Analysts' Expectations

Cash America Announces Third Quarter Earnings Up 19% and Dividend Declared

StockPreacher.Com Issues Trading Outlook for CIT Group Inc.

Cash America Earnings Exceed Expectations in the Second Quarter and Dividend Declared

Cash America International, Inc. Second Quarter 2009 Earnings Conference Call

Cash America International, Inc. Prices $100 Million Convertible Senior Note Offering

Cash America Announces Proposed Convertible Senior Note Offering

Cash America Announces First Quarter Earnings and Declares Dividend

Cash America International, Inc. First Quarter 2009 Earnings Conference Call

Cash America First Quarter Results above Expectations

Cash America Announces Fourth Quarter Earnings and Declares Dividend

Form 4 Ho Timothy S For: Oct 29 (10K)

Form 4 BESSANT THOMAS A JR For: Sep 14 (10K)

Form 4 Linscott John Curtis For: Sep 01 (10K)

Form 4 HUNTER B D For: Aug 06 (10K)

Form 4 HUNTER B D For: May 07 (10K)

Form 4 HUNTER B D For: Apr 22 (10K)

Form 4 MCKIBBEN TIMOTHY J For: Apr 22 (10K)

Form 4 Goldstein Albert For: Apr 22 (10K)

Form 4 GRAVES JAMES H For: Apr 22 (10K)

Form 4 DAUGHERTY JACK R For: Apr 22 (10K)