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Cash America International, Inc. Message Board

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  • Doesn't look great, but then it was kind of
    expected from the tone of the annual report. I would like
    to see some additional comments about the ATM
    venture. I haven't seen any announcements recently about
    how many new ones are in place this quarter.

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    • They are primarily check cashing machines and it
      is called innoventry. Wells Fargo and CAI are the
      two primary investors. They are rolling machines out
      monthly and they are to announce three more chains that
      will be buying these machines. The machine uses
      pentagon face approval technology to cash checks. They
      already have a deal with several casino's, grocery
      stores, and Circle K. The earnings don't look good
      because of the investment in Innoventry. It will pay off
      later this year when Innoventry gets it's IPO. The
      company is in the healthiest shape it has been in in the
      last two years. The loan balances are higher than the
      inventory balances and the company is well positioned for
      the third and fourth quarter. Stock is at very
      attractive price right now.

 
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