FirstCash Keeping The Throttle Down On Strong Long-Term Opportunities In Latin America

Up more than 40% on a year-to-date basis (and up about 16% over the past year), there’s not much to complain about with FirstCash (FCFS). The integration of Cash America is gradually producing better results in the U.S. store base, and the Latin American operations continue to grow well as FirstCash benefits from serving an underbanked customer base.

It’s harder to recommend these shares, though. I do see a long runway for growth in Latin America – Mexico isn’t fully penetrated, Colombia is barely penetrated (by FirstCash), and Peru is one of many untapped markets – but a lot of that growth potential appears in the share price now. These shares give investors plenty of second chances, though, so those investors who regret missing the bus may want to wait for one of those eventual pullbacks to add shares.

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FirstCash Keeping The Throttle Down On Strong Long-Term Opportunities In Latin America