They are executing on their stated plans...great revenues..broad expansion of the business with multiple growth opportunites. The stock should be headed back where it belongs (13-15 multiple...somewhere in the (mid-high) $30's) relatively quickly. I am accumulating until $28. Would be surprised if we didn't get an upside on Gold prices this year.
I can't manage a 'great' for a quarter that's lower than the year-ago one. I'll give it a 'pretty good.' Maybe nobody else was disappointed, but I would have liked to hear why the Go Cash deal apparently locked in several years of non-accretion. My best guess on gold is another year of price stability (and no, I wouldn't care to put money on that). After 4 years of relative calm, we're getting complacent about the Texas Legislature. EZ is still enough of a Texas company that we should tread a little cautiously when they're in session.
RE: Gold....Only much much higher interest rates trending with still higher rates of inflation will propel gold higher....in which case silver will leverage higher due to comparative valuation. Until then devaluation projects gold and silver sit or trend lower. IMHO. Meanwhile EZPW is a buy.
They executed on a plan that was previously stated, so its a good start. The fact that they were essentially taken by surprise for 3/4 of 2012 is something that will take at least two solid quarters to move past.
Anyway, net/net, good quarter and finally some optimism...