FirstCash (FCFS)
isn’t really a flashy growth company anymore, but the combination of a
healthy growth runway in Latin America and improving margins in the
cash-generating U.S. business is still a basically attractive one to me
at the right valuation. With the shares priced for high single-digit to
low double-digit annualized returns and the company well-positioned for
the next economic slowdown in the U.S., my opinion is still that this is
a “good, not great” idea for investors willing to take on a little risk
and looking for a way to play the large consumer finance opportunity in
Mexico and Latin America.
Click here for more:
Margin Improvement Should Prolong The 'Slow Burn' FirstCash Growth Plan
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