EZPW has flatlined with little volume. The stock looks sick as there appears to be apathy in the investor community. I like a little more "pin action" in my stocks. thiEZPW is actually lagging in my portfolio.
It makes me think of PEET about 3 months ago. The stock traded between $30 & $32 with shrinking volume, until the EPS report and then it got a nice 15% haircut.
If EZPW company does not pre-announce before October 10, then I am out. If they have good news, then they should provide at least a little guidance to the investors. If the company waits until November, then I could see EZPW in the low 30's as another member posted earlier.
Perhaps, their quarter isn't so great with gold trading at $580?
I don't like the chart as EZPW seems to have formed a near-term top in July with a lower high just recently and a pullback below the 50day. However, volume has been light on the pullback. Given EZPW's move over the last year one has to expect some consolidation before another breakout (I was a bit too optimistic a couple of months ago of a near-term move to the high 40s). Until all the impatient momos trying to take 10% profits get shaken out how can EZPW break out to new highs?
Note that while gold prices are down from their peak they are still up considerably on a year over year basis. Q3 YTD operating income improved ~$13.2 million YOY. Of that increase, $5.0 million was due to improved merchandise sales/margins, $4.6 million was due to higher scrap jewelry sales/margins, $6.7 million was due to improved pdl/cso contribution (including loan losses, direct, store and call center opex), $0.9 million was due to higher pawn service charges and the offset is related to higher administrative and other operating expenses. Going forward into FY07 I would expect the pdl/cso contribution to continue to improve at a healthy clip but the pawn metrics to increase only in the low single digits in percentage terms.