reading on this co tells me the price is about to
move. They are really pushing the internet focus,
although lately that market has been more of a drag than a
push. the difference is this company makes positive
eps, and their website doesn't really cost them
anything. It's pure additional profit. I like the payday
loan website idea, as well, and I really think this
website could make tons of money. Looks like they are
making plenty from the payday loans in all their stores.
I bought in today (only a small position of 2,000
shares or so). I appreciate all the positive comments on
this board, most of the others have a lot of name
calling and maliciousness, etc. Good luck to all....julio
First Cash is a varitable time bomb waiting to go
off!!! Should they actually post banners to compete with
Ebay, launch internet payday loans, expand current
payday loan & check cashing markets, & maintain their
current pawn revenues then this baby will go through the
roof! It's been listed as a strong buy & Monday morning
some guy was lapping up nice blocks of shares, and
he'll be back! Hate to tell all of the non-believers
out there....this ain't no $4 stock anymore! :)
this is a great sign. investors felt a panic
after CA's release yesterday, and now they are reading
the FCFS release, talking to management, and buying.
Firstcashlong, I liked your analysis of the pra potential, but
you were actually a little low on some of your
numbers, according to an investor conference I attended
recently with FCFS management.
yield on pra loans
is closer to 360% versus your 250%
already averaging more than 10,000 in additional net
revenues for the stores in which pra's have been added --
in less than nine months. your estimate of $10,000
per store is LOW!
Watch this stock, it'll
continue to rise.
by the end of this week, the 52 week high will be
$14.30 instead of $18. It was a year ago that we had the
internet-induced, short-lived spike that has haunted us for a year
now. a $14.30 52 week high will make the coming gains
seem much more impressive, IMO.
cumulative annual eps through 3/31/99 is $0.67.
If the analyst estimates are right, the June 1999
quarter should add another nickel, which makes $0.72. A
company with FCFS growth rate deserves at least a 20 PE
(CA has a 25 PE on lower EPS). FCFS stock price
easily deserves $14.50 (20 x $0.72) to $18.00 (25 x
$0.72). It could go higher with the forward earnings I
expect due to the pra's, website, mexico, etc. Any
Now that I have had my coffee and have fully read
the statement (I'm on the West coast and wasn't
totally awake this a.m.) I am really impressed.
-same store sales increased 6%
-Net income from
sales - increased from 5.5% to 6.5% despite higher Web
and other costs.
- Trailing eanings now 70 cents
per share. (if one uses a PE of 20 this should mean a
$14 stock price).
This is a glowing report!
Hats off to the management team at FCFS. That's
19 consecutive quarters of higher earnings.
Investors need to be patient, someday the analysts will
wake up and realize the gem they have been overlooking
worried, but FCFS looks stronger than ever. Read
some of my previous posts about the potential of the
pra loans in the pawnshops. management saw fit to
specifically mention the success of this addition, and is now
"expediting" the addition at all the stores. I'm telling you,
this could be hugely profitable and easy to implement.
Also, what about the internet payday loan mention (am I
a genius or what???). This also has immense
potential. any guesses where the stock heads today?