Growth can sometimes cost earnings, in the near term. Are you a long term investor? Are you one of those people that considers themselves to be a long term investor right up until the point you don't see any short term results? Warren Buffet has played the game pretty well, you might check out some of his strategies. If you're committed to being in the pawn arena, how could you not own the blue chip of pawn opportunities. The people at PWN believe in the check cashing technology, and they have good reason to......it works. You've got to get out on the limb, because thats where the fruit is! How are the earnings of Yahoo, or Amazon.com? Get my point?
I'm a very long term investor. I've never owned PWN, only PAWN. In order to really invest in growth, you have to believe that there is growth potential. I don't see it in PWN. Look at PAWNs most recent earnings release (yesterday). With only 11 units and 2 months worth of contributions for the quarter, PAWNs check cashing operations generated fees equal to 25% of the fees generated by PWN's check cashing operations. Extrapolate that to include an additional month and PAWN has 383K worth of check cashing fee revenue to PWNs 988K, or 39% on 11 units. PWN has 189 check cashing locations including 40 Mr. Payroll machines. So, PAWN has 6% of the number of units and 39% of the check cashing fees.