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EZCORP, Inc. Message Board

  • jacosa jacosa Oct 7, 2013 10:51 AM Flag

    Albemarle and Bond whoopsie

    There was a feature on it over the weekend. We all knew that UK pawn was more aurocentric than US pawn, but A&B was known for being less so than most. Well, not quite. They chased rising gold prices and are now in a great deal of trouble. No biggie for EZPW because the A&B holdings are on the balance sheet at cost; it can go anywhere without affecting the numbers people pay attention to. But the trigger for the collapse in A&B's share price might be a biggie: a refinancing deal fell through. Presumably, they had access to the investment banking expertise of the 30% owner (EZCorp), and an important deal didn't work. Once again, we see that our investment banking resources are less than magical.

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