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Cash America International, Inc. Message Board

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  • Benji_Compson Benji_Compson Aug 19, 1998 8:02 AM Flag


    I agree that alliances are a more likely strategy
    than a spinoff.

    I caution everyone not to get
    too excited about the Crestar announcement. Crestar
    is being acquired by SunTrust. SunTrust may be the
    most conservative bank in the world; and, they almost
    exclusively target the affluent. I can't imagine them
    a big investment in a check cashing machine
    for the "unbanked."

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    • Management have already indicated to analysts
      that they
      are looking for alternative ways to fund
      Mr. Payroll other
      than Cash Am. I believe all
      these alliances and/or joint
      ventures show the real
      value of Mr. Payroll so they can
      possibly do a stock
      sale or a spinoff. My opinion is, if you
      something that has had a big increase in value, why
      take profits on a big chunk of it but maintain control
      of it??
      Think about it; Cash America would
      probably love to buy more
      mismanaged pawn shops but
      they need cash. This is just a hunch
      after reading
      Arkansas Gazette article about Walmart and the
      Breedlove analyst report. We may double in price from
      within one year.

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