Earnings come out after the close tomorrow with a call on Thursday a.m.
What would you do?
#breakthehouserules
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I am still holding this.
The stock got a big boost from an analyst upgrade at C.L. King that has an $11.25 target price and a FY2017 (September FY) earnings estimate of 70 cents per share.
If the 70 cent per share earnings estiamte is close to accurate, this name, at $10 today, still has upside of 40%+ plus, as peer companies (FCFS is acquiring CSH) are trading in excess of 20x trailing earnings. That would put a potential EZPW price next Spring into the $14-$15 range.
Caveats and catalysts include closing the sale of its Mexican payday lending business (does it get any riskier than that?) and using those funds for accretive M&A activity.