dime in for a dollar. I think the entire industry has bottomed out, and will see a recovery in 2000/2001. The quarterly report had a number of good directions - the payday loans are doing well, the software company is selling to outside customers, and the web site is really selling some merchandise. The economic slowdown has already started here in the SF Bay Area because of dotcom meltdown. An article in the paper this morning stated that house sales have started to slow, and new luxury cars are not selling as fast. This whole recovery has been led by high tech, so when high tech tanks, so will the economy. A slowing economy seems good for the pawn industry.
Throwing good money after bad perhaps. I think the nation is OVERpawned and the title loan & payday loan places are futher diminishing their profitability. Something needs to give. Wouldnt be surprised to see any of the big 3 announce store closures.