This is the Yahoo! Message Board about PWN, where you can discuss the future prospects of the company and share information about it with others. This board is not connected in any way with the company, and any messages are solely the opinion and responsibility of the poster.
I think check cashing michines will become
perfect for people like myself who don't have enough
credit nor other credentials to obtain a checking
account from a bank or credit union. A person would need
the proper credentrials in order to get cash or to
deposit a check in the system. I think check cashing
mac.will become the answer to many of our check cashing
I agree that this machine seems like a very good idea. However, on their fundamentals only, PWN looks like a great buy with a large insiders holding, the big buy back of their shares last year (15%) and their cash generating ability as they can leverage their balance sheet a lot more in line with banks. By the way, they seem to have understood that they were making their money on their loans as they are moving their inventory of pawned items a lot faster than in the previous years.
I have good things about these guys and that they are making great inroads...Seems like they are "demo-ing" lots of equipment to banks, etc...My concern before buying is that Diebold Corp is the leader in this tehnology and has landed some big contracts w/ BancOne who PWN has been courting....I would like to buy into this company, but am not sure they can compete or hold on for the long haul...any comments...???
Who else might be familiar w/ a Diebold comparison??
The machines that Diebold recently sold to Bank One were cash dispensers, which I do not believe will dispense cash if I put
in a check. If Diebold has a check cashing machine, I would like information on it. I have a feeling that Diebold's machines
give cash against ATM cards, credit cards, etc. I would assume that the normal person who would use a check cashing machine would
probably not have a checking account or a credit card. I believe that Cash America and Diebold at this point are not trying to
attract the same customer base. If I'm wrong, please let me know. By the way, Cash America's machine is in 11 Wells Fargo bank
lobbies in California and they are also testing the machine, along with Bank of America and Krogers in 3 Kroger stores. There are
34+ machines in place with 60 more on order. I would assume that the 170+ manned Mr. Payroll locations in various retailers
throughout the country would also convert to the unmanned machine because of the lower cost. Cash America, I believe has an inroad in
the unmanned check cashing arena.
Found this today on the Dow Wire:DOW JONES NEWS SERVICE STORY 1 PAGE 1 OF 1
11:05 *Ferris Baker Watts Starts Cash America At Buy >PWN
Not familiar with this House, but if they are starting PWN at BUY, welcome aboard! I bought 500 more shares today - I started at 7, so this have been a great company for me. Glad to see others agree.
Miros And Mr. Payroll Forge Partnership For The Next Wave Of ATMs; Face
Recognition Technology To Be Integrated In Automated Check-Cashing
WELLESLEY, Mass.--(BUSINESS WIRE)--Feb. 9, 1998--Miros, Inc., developers of
the world's easiest and most reliable personal identification systems, has
expanded its partnership with Mr. Payroll Corporation. Mr. Payroll, a wholly
owned subsidiary of Cash America International and the leader in automated
check-cashing and ATM services, has agreed to enlarge its licensing of Miros'
TrueFace engines. The agreement is a result of overwhelming customer
satisfaction and increasing demand in new application areas. The technology,
currently in use in over 35 check-cashing machines since June 1997, will be
integrated into all upcoming installations over a three year period. Miros'
patented face recognition technology enables Mr. Payroll customers to quickly
and securely cash checks by verifying their identities.
Under the terms of the agreement, Miros will provide Mr. Payroll with the
TrueFace software as well as ongoing support and maintenance through the year
PROFESSIONAL INVESTOR REPORT STORY 1 PAGE 1 OF 3
08:27 Analysts' Highest-, Lowest-Rated Stocks: Specialty Retailers
This is a daily ranking of the five highest-rated
stocks and the five lowest-rated stocks within the
Specialty Retailers industry, based on analysts'
recommendations contributed within the past month to First
Call's database. To be included on the list, a company must
be rated by at least five analysts.
Also included in the list are First Call analysts'
estimates for the companies' current quarters. Estimates are
operating income per share based on a survey of analysts.
First Call Consensus Recommendation Scale
1.0-2.4 = Buy
2.5-3.4 = Hold
3.5-5.0 = Sell
Most Attractive Issues
Latest # Analysts First Call # Analysts
Consensus Covering EPS Estimate Covering
--------- ---------- ------------ ----------
(Q: HIBB) 1.0 5 $0.32 4Q 5
(Q: ONSL) 1.1 7 ($0.09) 4Q 7
(Q: GTRC) 1.1 8 $0.23 4Q 8
(N: ZLC) 1.1 12 $1.48 2Q 12
(N: PWN) 1.2 5 $0.18 1Q 4
Looks like the professionals like this stock too. If you look at the p/e's on most large-cap stocks, PWN is a bargain.
Why the meltdown? Here is an article for today's LA Times - hardly that bad - does anyone else have a clue?
Los Angeles Times, February 24, 1998
Gardiner also likes First Cash (PAWN), which owns 64 pawn shops and manages
seven others. Its forward P/E is 12 even though earnings could rise 22% this
year, he said. The biggest name in the field, Cash America International
( PWN) , is growing at a slower pace but has a 30% higher P/E, Gardiner said.
First Cash is "growing faster and they have a lower P/E," he said. "That's
what you want."
March is likely to be a month for market "correction" - we are seeing it today with the Tech Stock (Intel) meltdown. One of the reasons I bought PWN is a look at October 1987 - below is a printout of the price:
1987 MONTHLY SUMMARY
DATE HIGH LOW CLOSE VOL(100/S)
01/87 NOT TRADED
02/87 NOT TRADED
03/87 NOT TRADED
04/87 NOT TRADED
05/87 NOT TRADED
06/87 NOT TRADED
07/87 15 3/4 14 3/4 15 1/8 1455
08/87 15 1/2 13 3/4 14 1/2 3766
09/87 14 3/4 12 3/4 14 3/8 1953
10/87 15 1/4 10 1/2 12 1/8 4193
11/87 15 1/4 12 1/8 12 7/8 943
12/87 14 7/8 13 3/8 14 1/4 579
You may notice that they actually went up after October, from a monthly low of 10 1/2 in October to a monthly low of 12 1/8th in November - looks like a good place to be in a storm.
PWN has been trading sideways building a base for the next advance to a new high. The stock is currently undervalued . The
largest & best run pawn chain in the United States 400 + loations. This is true operating leverage, a 50% increase in a pawn shop
loan balance outstanding at the beginning of a year ( 5 X turn annually) can produce a 250% increase in operating income. The
stock price does not reflect the recurring income of the check cashing business / check cashing ATM machines. BUY!
I appreciate your contrarian viewpoint, but my FastTrack charts show that from
7/5/90 to 9/18/90 PWN lot 40% . . .much more than the broad marke'ts 20% loss.
What makes you think this issue is isolated from downturns?