Seeking Alpha: First Cash Isn't Cheap, But The Growth Story Is Top-Shelf

Right off the bat, I'm not going to go to any great lengths to defend the valuation at First Cash Financial (FCFS). These shares have outpaced the S&P over the past 12 months and trade at nearly 14 times trailing EBITDA. On the other hand, the company believes it can still grow its Mexican store footprint by 50%, while also taking advantage of high-quality consolidation opportunities in the U.S. Add in the potential to expand to markets like Colombia and Peru and I think you can argue that even though these shares aren't cheap, you are at least getting your money's worth and the company still has the potential to outperform.

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First Cash Isn't Cheap, But The Growth Story Is Top-Shelf