You are correct. EZPW's announcement means that, essentially at the worst, EZPW will earn 6% less in the next calendar year than had been predicted. So, its price is now down 12% from the close yesterday. Logical? Answer for me that one!
True but it means that quarterly eps growth will be sub-par (for EZPW) for the next two quarters....no more 17% y/y growth; something <10% instead.
Once FY13 is bit clearer and the impact on the pawn biz from the lower proportion of gold sales is better known, then investors will come back here. This is the hot money crowd exiting since the near term catalysts for stock appreciation are less strong.