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EZCORP, Inc. Message Board

  • qofaslave69 qofaslave69 Aug 5, 2006 2:52 PM Flag

    Junky

    ezpwjunky,

    I love how knowledgeable, passionate, and positive you are about EZPW. I am quite bullish in the long term for EZPW. The company is enjoying accelerated earnings growth, and has more room to grow. Currently, I like the company more than I do the stock. I am not quite as bullish (in the stock) as you in the short term.

    The stock is going to trade at or below the 50 day moving average soon. The entire stock market is acting sick and in a downtrend. Who knows how much the economy will slow. I do think EZPW will do well in an economic slowdown. The stock market will return to a bull market eventually, and that is when leading growth stocks like EZPW will give you huge returns!

    You are wrong about IBD. IF EZPW was to be taken off the list (it won't) it will take a huge (short term) hit! I see many 100 to 500 shares traded throughout the day. These are "homegamers" who are trading the stock trying to make a quick buck. Many of these people subscribe to IBD. The IBD rules state to sell a stock at a 7% loss or less. They also promote taking profits and not letting a profit turn into a loss.

    You put a price tag of $70-$80 on EZPW. I hope you are correct. When the market turns this is definitely one to own!

    Thanks again for your input (garp_trader also). My last buy was at $37.50. I am going on vacation. I am not even worried in the least about my holdings in EZPW. Even if it trades below $35, I am not worried. That would be a great entry point.

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    • qofaslave, I don't mean to belittle IBD...obviously it has had an effect on the stock...ever since it hit the #1 position, the volume has been up signficantly.

      All that I mean to say is that longer term, the financial fundamentals will drive the stock (regardless of whether it is on IBD or not). Since I'm a long term investor, I focus on the business environment, the likely free cash flow, the growth rate, the balance sheet and the current market cap. When these things seem out of whack (i.e. like they are now, with EZPW trading at an incredible discount to its growth rate) then I am bullish.

      If it goes off IBD and goes into the $20s but the fundamentals look the same, I won't freak out. This is because I know that when they blow away their Q4 guidance (gold scrapping assure this) and give guidance for FY'07 in November, the stock will soar. Financial fundamentals will drive this stock into the $60s, $70s and perhaps even $80s next year as they generate $3 (or more) of EPS and $50-$60m of free cash flow. IBD may help it happen earlier but it won't prevent it, in any event.

      • 1 Reply to ezpwjunky
      • Yes1 I totally understand and agree with your position on IBD! EZPW caught my attention when IBD rated it in the top 10. It was trading in the teens at the time.

        Do you really expect the company to provide guidance at $3 for the year 2007? That would be HUGE! That would mean more than 50% increase from year 2006. You always say the company underpromises and overperforms. Would the 50%+ increse be due to new store openings (maturing) or the price of gold, or both?

 
EZPW
10.69-0.19(-1.75%)Sep 18 4:00 PMEDT

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