% | $
Quotes you view appear here for quick access.

Cash America International, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • Today's announced alliance with a Virginia bank
    is another indication that the route Mr. Payroll is
    going to go will be joint ventures (such as Wells
    Fargo) and alliances in which some of the costs (and
    profits) are shared. This is probably the most cautious
    and prudent way to go. I think it is a good
    indication that new banks and companies are signing on to
    this project. I still can't believe that there isn't
    more (or any) competition in this type of machine -
    isn't Diebold or someone going to get into the act?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree that alliances are a more likely strategy
      than a spinoff.

      I caution everyone not to get
      too excited about the Crestar announcement. Crestar
      is being acquired by SunTrust. SunTrust may be the
      most conservative bank in the world; and, they almost
      exclusively target the affluent. I can't imagine them
      a big investment in a check cashing machine
      for the "unbanked."

      • 1 Reply to Benji_Compson
      • Management have already indicated to analysts
        that they
        are looking for alternative ways to fund
        Mr. Payroll other
        than Cash Am. I believe all
        these alliances and/or joint
        ventures show the real
        value of Mr. Payroll so they can
        possibly do a stock
        sale or a spinoff. My opinion is, if you
        something that has had a big increase in value, why
        take profits on a big chunk of it but maintain control
        of it??
        Think about it; Cash America would
        probably love to buy more
        mismanaged pawn shops but
        they need cash. This is just a hunch
        after reading
        Arkansas Gazette article about Walmart and the
        Breedlove analyst report. We may double in price from
        within one year.

    • If you review the news releases from a few months
      back, you will notice that things began to happen with
      Mr. Payroll just after the announcement of Dan
      Fehan's move from President of Cash America to Co-CEO of
      Mr. Payroll. Coincidence? I think not.

      Fehan went to CA they were a 150 shop national chain.
      They currently have approx. 475 shops worldwide.

36.27-0.20(-0.55%)May 31 4:02 PMEDT