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First Cash Financial Services Inc. Message Board

  • mentges mentges May 10, 2000 5:57 PM Flag

    I give FirstCash an Upgrade!

    First of all, analysts are the most worthless
    people on the face of the planet. I've been in the
    market for nearly 25 years, and they ALWAYS upgrade or
    downgrade AFTER the good/bad news. I saved my favorite
    printed upgrade of Informix in 1995 which I got from my
    broker (name not included to protect the guilty) which
    upgraded one day before the company restated its earnings,
    the company president resigned under a cloud, and the
    class-actions started - and the price went from 20 to 4 1/2 in
    a few weeks!! (The upgrade was to 35)

    Anway
    - I was on vacation, but just read the Firstcash
    earnings report - I love what they are doing - especially
    the following:

    ``For its 1,900 customers,
    Answers provides online data support and has recently
    begun offering data processing and storage via frame
    relay and DSL communications. The Company believes
    Answers is in its infancy in delivering more E-commerce
    products to its users, and views the subsidiary's 1,900
    customers as small financial centers, rather than simply
    check cashers. Answers recently signed a contract to
    arrange all data processing and storage functions for
    over 50 new, unaffiliated customer
    locations."

    I think I will sell some of my dogs and buy more
    FirstCash. With the Clinton depression just around the
    corner, there should be a lot of new customers.

 
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