Has anyone heard anything about the FirstCash Web
site sales? A woman I know who is a collector bought
some plates from them. I mentioned the site, and now
she monitors it weekly. Maybe FirstCash should
advertise on some internet collector sites.
First of all lets throw EZPW out of this
scenario, as far as I'm concerned they're a insignificant
player. Let's review PWN's last year statement.
Pretax-tax income was $34.6 million versus $34.0 this is
hardly a disaster, or as you stated "severely declined
earnings". This is a true reflection of their pawn business.
Go back to my post #747 where I asked you shouldn't
we see a nice increase in comps this quarter. It
seems that you're the one that has the inside that FCFS
pawn business is in the tank. I'm not a insider just a
pissed shareholder. I'll be more pissed if they have
another disappointing quarter. Post #752-#774 understand
what I'm saying.
A research profile of Cash America by RJ
Falkner(www.rjfalkner.com) dated March/April 2000 states that CA did 71
cents from Pawn BZ alone in 1999 and forecasts 60 to 70
cents this year. So if FCFS is the best of the pawn
companies, we might expect a 10% decline year to year in
pawn earnings. If that is the case, the exploding
Check Cashing side of the business including payroll
advances would dwarf that small decline. We are missing
something here. FCFS needs to provide us key data by
division so we can stop beating up on one another and
start making meaningful statements about the future.
The ball has been in FCFS's court on this issue for a
long time and they have left us hanging out to dry.
The crappy stock performance reflects this. Thanks
for your posts.
during most of 1999"....first cash press
EZ and CA report severely declined earnings, as well
as warnings for future profitability.
obvious to me.
Ca and Ez haven't said a peep
about closing stores.
For the record, I am
absolutely not connected to the company.
Obviously this has struck a nerve with you.
Retailers close non performing stores quite regularly. Why
would FCFS be immuned to this fact of life? I asked you
the question and you have become very defensive. If
anybody is acting like an insider it is you.
"Same-store revenues increased 10%, or $1,992,000 during the
quarter ended December 31, 1999 compared to the
ended December 31, 1998 for the 102 stores open during
both quarters. The $3,932,000 balance of the revenue
generated by the 45 new stores opened or
acquired since October 1, 1998.
For the year ended
December 31, 1999, same-store revenues increased 4%, or
$2,309,000 compared to the year ended
December 31, 1998
for the 66 stores open for all of both years. The
$25,520,000 balance of the revenue gain was generated
the 81 new stores opened or acquired since January 1,
"`We are also optimistic about the pawn operations of
the Company, which struggled somewhat during most of
store retail sales in our pawn stores
increased 3% in December 1999, and same store service
charges from pawn lending
(excluding payday lending)
increased 6%. We believe that these increases resulted from
increased store traffic in late 1999,
which was in part
a byproduct of the widespread use of television
advertising for our payday advance product beginning
November 1999. Additionally, the Company opened five
stores in Mexico during the year, and initial operating
these stores are
These are some highlights from FCFS fourth quarter
statement. Where does company infer that pawn side is "weak
as hell" as you stated? It'll be interesting to see
if company does a press release stating that they
will not meet estimates. You may have some explaing to
do if that happens.
are dilutive, and the pawn operations are weak,
then where are the earnings coming from? Here's
another question: why do you still own even one share of
first cash stock? If you knew this stock was going to
decline by 50%, why even keep one share? Seems like an
incredibly bad decision to me, since you knew in
I fully expect your next post to be a death threat,
full of profanity, which Yahoo will remove. I hope
everybody here can see and understand bob's mode of
operation. He makes incorrect statements like "the payday
loan acquisition is dilutive", then people like me
call bs and make bob look like the fool he is. Then
bob posts a death threat, and Yahoo removes all his
posts, including the ones that prove bob is a fool and a
liar. He has done this 3 times on this board alone when
I have pointed out inaccuracies. Go back and look
at the gaps in message numbers. Ask yourself why
bob's moniker changes every 3 weeks.
read the press release for the year. They stated
clear as day that the pawn biz was weak all year. Read
EZ and CA's earnings releases all year. Pretty
obvious that the pawn side is weak as hell. PWN stock is
up because of speculation that the innoventry thing
will be spun off. You think it's because of
earnings??? Look, you can try to turn this thing around all
you want, but it's obvious you know some things the
average investor doesn't. Anybody that makes a statement
about closing stores out of the blue obviously has some
inside information. It'll be interesting to see if the
company does a press release announcing store closings.
You may have some explaining to do if that happens.
You are the one stating that the FCFS pawn
business is in the tank. If this is the case wouldn't it
be prudent to shut down poor performing stores? By
the why how would you explain the stock performance
of PWN over the past two months? Also Stephens just
did a 23 page research report on FCFS and nowhere do
they mention that FCFS's pawn business is still
declining like you have stated. Did you make these
statements without any facts to back them up? Curious if you
are a insider?