I wanted to address a couple of comments on posts about ezpw. First, a comment was made about insider trading. I have been investing for a very, very long time, and I actually found it to be humorous that the trades were so small. 600 shares of a stock this price?...I do not think that they involve a serious trend!
Secondly, someone asked why a person might buy at this price. I am not a trader. As an investor, I have found good reasons to believe that this stock has a far higher current value. Is it as low as $22. per share now? Is it $8-$12. per share higher? I own some GS and many argued to buy it on dips. It just did not dip for $65.+ of its price increase last summer and fall. I know that the comparison is unfair. Yet, its current price (including a 20% yearly return) is much lower than its intrinsic value. I do not know why I would need to justify buying when too many stocks are far below its intrinsic value.
I know there are a lot of games/scams played on Wall Street. If you are an "investor" or a "long" you don't ned to worry about the games and scams which cause inexperienced people and weak hands to lose money.
When EZPW dropped to below $13 a few weeks back, there were many people telling me to "get out" of the stock. Of course I held and the stock roared back more than 20% in the next few trading days. I knew EZPW would deliver great earnings again! Therefore, I was not shaken out like some people.
In 2007, EZPW is a $22 - $25 stock. However, the legislation issues are holding it down. I don't think the stock will be trading much higher than $17-$18 until the regulators clear up this issue.
I am still bullish and believe the firm will deliver at least $1.00 EPS in 2007. The price of gold will add a few cents to the Q2 2007 EPS report. I am thinking EZPW will beat the street and guide higher again in April.