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First Cash Financial Services Inc. Message Board

  • mentges mentges May 12, 2000 4:18 PM Flag

    Bought another 1000 today - in for a

    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.

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