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EZCORP, Inc. Message Board

  • ezwatcher ezwatcher May 1, 2012 5:01 PM Flag

    OLD PAWNBROKER

    I know an old pawnbroker and one thing he tells me, in the Pawn business, most customers hold their Gold til last. That is some of the stuff they don't pawn unless they have to. now if ez pawn saw lots of redemptions during tax time in both GM and Jewelry loans then none to worry. But if the customers don't have any more Jewelry. Look out....Tough slogging ahead.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • guess that old pawnbroker was right......

    • The old pawnbroker never experienced gold at $1600 per ounce.

      • 1 Reply to lmsmedley
      • they hold onto it longer, before they bring it, as well as after it's pawned vis a vis renewals,, the gold value doesn't change the process. if Rothamel is saying , which i think he did, that they are seeing more GM 2 things could be happening. IF they redeemed both gm and jewelry during tax season, then the model will replay itself, more gm at first, then the gold , when they have to come back,HOWEVER if redemptions were for GM and not as much jewelry, then the gold is gone or going someplace else. Their percentage of PLO in Jewelry vs gm is slightly down, yet they are loaning more on jewelry... Wonder if their jewelry loans are down transaction wise as well as their purchases...

 
EZPW
9.90-0.03(-0.30%)Oct 21 4:00 PMEDT

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