…is not payday loans and pawnshops:
Today EZCORP a pawnshop/payday loan operation surged 17% on 10x normal volume when the company raised 4th quarter earnings estimates. The stock is up over 150% so far this year. If you believe in the sector you may want to take a look at Cash America International another pawnshop/payday loan operation. This one moved up with EZCORP today 4% on 2x normal volume and is (only!) up 90% on the year so far. Finally there is First Cash Financial Services up 33% on the year.
The risks include a higher than expected defaults but the sector killer would be regulation.
Posted: October 13th, 2006 under General.
Comments: none
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