EZCorp made some huge errors, but brand new administration has it poised for a effective turnaround.
IвЂ™ve then followed the pawnshop and payday financing area for 10 years. One of the more interesting performs in the sector is EZCORP (NASDAQ:EZPW), which effectively offered pawn and pay day loans for several years. The organization expanded prudently, had good stability sheet, making money that is good.
Then a number of things went incorrect.
Whenever crisis that is financial, the pay day loan company suffered since borrowers will need to have a work to have that loan. Those individuals joined up with other customers whom began attempting to sell their gold jewelry whenever silver hit all-time highs of $1,700. The effect had been a sequence of monster quarters for EZCorp stock, and an all-time high stock cost of $35.58. Continue reading