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$2.14 0.34 (18.89%)
10/10/2008 4:02 PM

Advance America, Cash Advance Centers (AEA)

CAPS Rating:
***

The Company is a provider of payday cash advance services in the United States.

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Avatar shackindawoods (< 20) Submitted: 5/17/08 12:58 PM : Underperform Start Price: $6.97 AEA Score: 31.29

Excellent stock to short. We wont even get into the sleeze/slime factor, the conventional wisdom that a falling economy will help these businesses is dead wrong this time. THIS time around customers simply WONT HAVE checks to cash and will walk away from any loans just like home owners are walking from mortgages. Also, belt-tightening severity will soon reach that tipping point where cost of the service is too high. This will be then next financial sector domino.





Another good one to short is RentaCenter (RCII).

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