EZCorp made some huge errors, but brand new administration has it poised for the turnaround that is successful.
I’ve implemented the pawnshop and lending that is payday for a decade. Probably the most plays that are interesting the sector is EZCORP (NASDAQ:EZPW), which effectively offered pawn and payday advances for quite some time. The business expanded prudently, had an excellent stability sheet, making decent money.
Then things that are several incorrect.
Whenever crisis that is financial, the cash advance company suffered since borrowers will need to have a task to obtain a loan. Those individuals joined up with other customers whom started offering their gold jewelry whenever silver hit all-time highs of $1,700. cashland The effect had been a sequence of monster quarters for EZCorp stock, as well as an all-time stock that is high of $35.58.
Then gold rates dropped, so that the pawn business dropped down. The gold crash destroyed Abermarle & Bond, A british pawn procedure that EZCorp had a long-standing strategic investment in. Read More …