Despite Trying Times, First Cash Financial Soaring

The doom-and-gloom has its boom in the shape of the pawn industry. Search for the term "pawn shop" enjoyed steady gains since 2007. The spikes in the search traffic - with the exception of the most recent spike - relate to criminal investigations.

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"Sell my stuff" made an emergence as a search term mid-2007 just before the market headed south.

One stock with an interest in the field is First Cash Financial (FCFS). Since it's feature on November 20th the stock is up 41% and on its way to challenge August 2008 highs at $19.89.


But looks like Ebay (EBAY) is out of favour as an avenue to sell the brick-and-brack.

Comments

[PAYDAY PHIL:]

I was a big fan of FCFS back in 2005, when the market for their services was growing substantially. I sold in 2006 with a good gain and I bought again earlier this year at just under $10. FCFS is a company designed for these times. Despite the fact that the company has had some trouble recently, the company is still solid. I follow this industry, work in the business, and FCFS is a decent firm. My advice, anytime FCFS falls below $10 (which I'm sure will happen again) view it as a buying oppurnity.

2008 Dec 08 10:59 PM