It remains a good news/bad news situation over at First Cash Financial (NASDAQ:FCFS). The bad news is that the operating environment in both Mexico and the U.S. remains challenging
and the company took on significantly higher interest expense to raise
cash for expansion. The good news is that the company has aggressively
managed its scrapping issues, the U.S. pawn industry remains ripe for
consolidation (and maybe growth, too), and Mexico seems to be turning
around. I still maintain that First Cash is a better-run pawn operator
than EZCORP (NASDAQ:EZPW), which I recently profiled,
but I cannot fairly argue that the upside potential today is so
commanding as to ignore other players in the space (like EZCORP).
Read the full article here:
First Cash Financial Does Enough To Get By
No comments:
Post a Comment