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Cash America International, Inc. Message Board

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  • I am confused too - I thought that the
    checkcashing machines were marketed by Innovisions - the joint
    company with Wells Fargo. Aparently Mr. Payroll is also
    selling them - could someone from PWN explain?

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    • David L. Babson Co. Inc. has increased PWN share
      holdings from 7.49 % reported on 1/12/98 to 9.09% or
      2,280,790 shares according to a recent SC 13G/A ownership
      filing with the SEC.
      The stock upgrade by BancBoston
      Robertson Stephens should put more long term institutional
      $$$ into the stock. H.E.B. is another quality
      customer! Mr. payroll machines have cashed over $140
      million in checks, and the numbers are growing at a
      astounding rate. It appears grocery stores and banks are
      looking at getting away from high cost manual check
      cashing. The trend is toward revenue generation!

      • 2 Replies to valrt
      • Eagle Asset mgmt. has nearly doubled ownership of
        PWN shares since 5/22/97 when SEC filings indicated a
        5.58% ownership or 1,354,485 shares. A recent 01/29/99
        SC 13G/A filing shows Eagle Asset mgmt. now owning
        2,607,755 shares or 10.40%. Cash America International's
        lending is the most secure and profitable area of
        speciality finance. The new business plan for Mr. Payroll is
        very positive, customers include: First Union, Race
        Trac, Bank Atlantic, ARCO, Rite Aid, International
        Bank, Wells Fargo, Circle K, Kmart, Bank of America,
        Cheveron, Super Speedway, Diamond Shamrock, Texaco, Kroger,
        Exxon. Long term institutional investors are increasing
        their ownership. TARGET PRICE $28

      • I put myself through college working as an
        assistant mgr at a grocery store. When I think back to that
        job, one of the first things I recall is all of the
        CHECK CASHING! It sure would have been nice to just
        point the patrons toward a machine. Generating revenue
        would have just been icing on the cake because I would
        NOT have had to work as a slave at that window for so
        many hours a month. GO PWN!

43.53+0.35(+0.81%)Aug 26 4:02 PMEDT