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.
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.