+ Watch FCFS
on My Watchlist
The Company is a provider of consumer financial services and related specialty retail products.
constant growth over many years, which has a good potential to continue
It's all explained here:http://seekingalpha.com/article/322386-payday-lenders-offer-big-upside-despite-regulatory-hurdles
EC likes $FCFS because of growing earnings and revenues and aggressive expansion. Company will do well if gold continues to appreciate.
Pawn is booming.Profit siked 45% and revenue was up 27%
it will continue to grow above s&p 500 average levels and is currently undervalued
I originally put a 1Y timeframe on First Cash to capitalize on the comeback I envisioned from the AutoMaster debacle. That went better than I expected. The company has also done a fine job of reducing its exposure to the payday loan industry in states where it could no longer run a profitable business, while continuing to expand its pawn store count and profitability, primarily in Mexico. I like this now as a long term investment and have changed the time frame to the maximum. I expect them to continue to strengthen their Balance Sheet, now that they are focused on their core competency.
Strong Buy from Ford Equity Research, Q/Q revenue increase, starting to recover from recent pull back forming a cup with handle pattern.
Before their foray into the auto market, their earnings increased25% quarter over quarter for years. They have now shed threiralbatross and stick to what they do, they should do well.
strong 5 year ROE& profit margin improvement and still at reasonable PE ratios
Earnings. The only potential glitch is government intervention. Mgmt is honest, forward looking and flexible.
It has been upgraded by a professional with a target price of $20. I believe FCFS will hit that target price and thus will outperform the S&P 500. Also, this company makes short term loans and its main business if a pawn shop. It does not carry the high risk that banks and other financial companies do right now.
Recovering financial status
nothing worse than picking a stock and then not actually buying it! My first Motley fool issue early spring last year I think, price was aruond $7.00 I didn't even have a brokerage account then. So by the time I got up and running this may, it was all ready up to at least $12.00, I figured it was too late and didn't buy it. Idiot!
If they can focus on their core business, it is a cash cow.
Economy is crappy, credit is hard to come by (which is why rental centers will not do well), so where do you go when you need some cash?
In this time of hardships people will need o borrow money and pawn their items.
Good upgrade, good business model, going up.
This may seem like a risky investment, but it is still a bargain.
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