Eight months ago, I wrote that while EZCORP (NASDAQ:EZPW) had some interesting turnaround potential, I really didn't like the company's operating/ownership structure,
nor its operating model. Prior to an announcement in May that I believe
is transformative for the company, the shares were tracking down around
5% and the quarterly results were still showing some pressure. While
the company is likely to see ongoing pressure in scrapping, comps should
start getting easier later in calendar 2014 and the company's valuation
is undemanding.
Continue here:
EZCORP Has Been Treading Water While Improving
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