The Investment Doctor
Long/short equity, value, debt, base metals

EZCORP - Part Of The 'Fear' Index?

Introduction

In this article I'll highlight some features of EZCORP (NASDAQ:EZPW), an instant cash solutions provider mainly focused on non-recourse pawn loans, short-term unsecured loans, the purchase of customers merchandise and offering credit services.

EZCORP was brought to my attention by a friend in the banking world who has created a 'fear index', which offers exposure to companies that should continue to prosper regardless of the social or political unrest situations.

In this article I'll first of all give a short explanation about the company's business model, whereafter I'll walk through the H1 financial results and the company's outlook, have a look at the balance sheet and then make my investment thesis in this company.

The Business

EZCORP...

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