See his post on 7/14 when the stock was $12.44
per share. He was saying it was easily worth
Well, i was saying otherwise. Guess what ? 9 months
later the stock is $7 and has lost 44% of its value
while you were touting it heavily.
have easily made 30-40% on my portfolio. The fact is
your track record is LOUSY and mine is quite good. I
gave you folks EZPW at $3.50, sold it at $6-6.44 and
rebought at $3.75-4.06. I make money while you run your
I looked quickly at USPN - selling at about book
value, it looks like a good buy for the long term. They
don't trade very actively, so it would not be a good
short-term stock. I think the whole sector will be
consolidating in the next five years, with only two or three
players left by 2005. Who knows - FirstCash or Cash
America might be interested in buying USPN in the future.
P.S. The Yahoo boards over at Cash America are full of
some unhappy campers - seems some management changes
might be in the works over there. Any comments about
some sort of merger possibility between FirstCash and
Cash America? Seems like Cash America needs some
agressive management from FirstCash.
I am currently invested in USPN. This is a group
of pawn shops in this sector. They are merging with
another group of pawn shops. They also have a website
under development. I am wondering what anyone may think
of this stock in the long-term. The stock is trading
at 2 dollars with a book value of 1.68.
reading on this co tells me the price is about to
move. They are really pushing the internet focus,
although lately that market has been more of a drag than a
push. the difference is this company makes positive
eps, and their website doesn't really cost them
anything. It's pure additional profit. I like the payday
loan website idea, as well, and I really think this
website could make tons of money. Looks like they are
making plenty from the payday loans in all their stores.
I bought in today (only a small position of 2,000
shares or so). I appreciate all the positive comments on
this board, most of the others have a lot of name
calling and maliciousness, etc. Good luck to all....julio
Looking over the internet stocks this morning, it
seems obvious to me, that people are starting to look
at companies with profits, or at least the
possibility of profits. Amazon.com, etrade, etc. have all
lost 50% of their value (based from the 52 week high).
FirstCash has shown that it can make real profits in their
core business, and any additional income from the Web
site will be icing on the cake. Business Week has a
good article this week about the comeback of small cap
stocks. All of this looks good for long-term appreciation
by the end of this week, the 52 week high will be
$14.30 instead of $18. It was a year ago that we had the
internet-induced, short-lived spike that has haunted us for a year
now. a $14.30 52 week high will make the coming gains
seem much more impressive, IMO.
Nothing has changed with FCFS -- the strategy to
enter new lines of business is paying off in a big way.
I would look for some more announcements from them
in the near future regarding the payday loan website
that was mentioned in the press release, as well as
possible alliances with other companies, which was also
mentioned. I'm really not making this stuff up, the company
said it themselves, so you've got to believe something
is coming down the pipeline. These could really be
huge for us all. Management seems to be doing
everything in its power to increase the value of the company
and the stock. I love it.
And by the way,
since the yield on the payday advance loans is 360%
(according to one of your posts), they really only need a
$30,000 or $40,000 pra balance to generate the $10,000
per month in add-on revenues. This is VERY doable.
10,000x12monthsx100pawnshops=12million in ADDITIONAL profits!!!!
I called Scott Williamson at FCFS yesterday, and
he told me that nearly every call he fielded related
to the Cash America problems. I think that is what
absolutely affected the stock price yesterday. Already today
the bid and ask have ticked up considerably.