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Cash America International, Inc. Message Board

  • orange10_1998 orange10_1998 Aug 12, 1999 1:39 PM Flag

    I hope is the bottom. eom


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    • Based on your posts on this board, I'd say your
      been short for awhile and holding for lower. I didn't
      see 6 today-6.9375--that's a 14% difference. I
      wouldn't count on anything much lower than 6.00. Why? I
      know mgmt and they Will make the changes necessary.
      The company has been buying here. Are they stupid?
      Not! They can write off 50% of there inventory and
      still have a book value of over $6.00 a share. Anyone
      you speculates this company is going under does't
      know much!

    • <EOM>

    • in the value of my shares in a few months time. I
      have held PWN for over 5 years (sold some bought some)
      but I am concerned about the direction of the whole
      industry, and especially other ways for people to get small
      loans - payday loans, check advances, etc. Would like
      to see some public announcement to reassure long
      term holders that management is making changes. The
      forward looking statement last quarter was pretty bleak.

    • I am not sure how payday loans work nor how the
      exact intricies for the pawn business work but if you
      reduce it to this this is how I see it.
      pay day loans
      is loans aganst your pay check to come next week
      base on your check stub. OK. So now I go to a place
      that does this I give them my data ans show them a
      check stub I come away with 500 or even 1000 dollars
      what if I decide not to go and pay back. but with a
      pawn I give them mdse that they can sell for twice or
      even more than I borrow if I dont come back they sell
      and get their money back not so with the pay
      day loan.....

      please tell me more maybe I dont
      understand how both work

    • made more money with less shares. Wells fargo and jack must have made a deal already running pwn stock down and then go private with jack holding wfc stock tax free comments?

    • Payday loan is made against verification of
      employment, utilities and bank account. Risk is fairly high -
      but the amount of risk is minimual. Normally you must
      gain credit by first getting a $50 or $100 loan -
      paying it back, then increasing in $50 or $100 amounts
      until the amount loaned is between $250 and $500 (I
      know of no state that allows over $500 - but that
      doesn't mean they don't exist.) At any point the customer
      defaults you are basically out of the money - there are
      limited collections you can try - legality is still being
      determined in most states. Not to mention the ethics of such
      loans - many states are so concerned of the unethical
      image of these loans they have regulated them out of
      My very limited knowledge.

    • but if it is so then I will hold out and get my
      dues in just as in the U.S. steel merger with marathon
      oil. when the board got the golden parachute and the
      investors got the shaft all those who owned the stock and
      demanded to get what the board recievied they had to wait
      2 years but the feds came through so if the stock
      goes down to 3 or 4 I will sell the farm and load the
      boat cause at these levels where else can you buy at 3
      or 4 and at worst double your money and if wells
      fargo steps in and wants to own more stock let it
      HAPPEN all the way to the bank (no pun intended)lol

    • They missed 6/99 estimates by -30% (.07 vs. .10).
      They have lowered 9/99 estimates 75% (from .12 to .03)
      and 12/99 estimates 64% (from .28 to .10). IF they
      can make current estimates they will end with .38 EPS
      for the fiscal year. IMO, a good P/E on this stock
      (considering risk) would be about 12 to 15 so you're looking
      at a current value of $4.56 to $5.70 a share. If
      you're pricing this stock on "book" value remember that
      we're talking about approx $200,000,000 worth of used
      stuff that is being evaluated solely by the company and
      capitalized with all the exhorbitant pawn charges rolled in
      and a .93 debt/equity ratio hanging over it to
      If you think that's a "good" report I've got an
      Arizona land deal you're gonna love. Personally, I like
      their stores and shop there from time to time.
      Occasionally I catch them napping and snag a REAL bargain, but
      IRID stock is probably a better deal today and they
      (IRID) just filed chapter 11. Good Luck!!

    • Most pay day loans are a loan which has a post
      dated check as collateral. The customer can pay off the
      loan before deposit day or allow the check to be
      deposited. If the check is good when deposited, all is well
      and good and the birds will continue to sing. If not,
      the lender is left to collect the bad check. There is
      much discussion as to the validity of a post dated
      check and to what extent collection can be persued
      since the lender knew that it was NSF when written.

    • what are stock symbols for other pawn company I
      have pwn,fcfs,pmrt I at one time thought there were
      more like one in denver.......any way help me if you
      know of any others that are publicly traded..thanks

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