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EZCORP, Inc. Message Board

  • barrons_reader barrons_reader May 24, 2013 9:17 AM Flag

    Sales, Earnings UP and EZPW's Share Price DOWN

    Yes. Just take a good look. For the past couple of years, EZPW's sales and earnings have been moving up nicely, while its share price has been moving down, to half of its former high. Logical? My simplistic opinion is that, despite potential state court opinions, such a price movement is illogical, particularly when it hits a Price/Earnings ratio of 6! Yes. For sure!

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    • If the controlling group's actions weren't progressively more hostile to the company's owners, you'd be exactly right. But they are, and there is no easy way to influence those actions.

      Based on last year's statement accompanying the management fee announcement, we may see a below-historical-rate increase in that fee this year. If we get that and also an announcement that investment banking advice will be sought from other sources than Mr Cohen's company, the stock price might rise.

      Of course genuine owner-friendly actions (a dividend, a non-voting board representative, heaven help us, maybe even one VOTING board representative) would probably have a dramatic effect, but I don't ask for strawberries with my champagne.

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