Cash America (CSH) is supposedly the world's greatest pawn shop operator. It's thus no stranger to hardship, serving a segment of the population that's underpaid and underbanked. And in these days, it too is facing some hardship.
After all, 66% of the loans it makes in its U.S. retail services (stores) were backed by jewelry, that is, gold (Source: CSH presentation). It thus suffered when gold crashed, both due to the decreased capacity of its customers to take on loans (due to lower-valued collateral), and in the value it gets from scrapping unclaimed jewelry.
This hardship led CSH to issue a profit warning, leading to somewhat decreased profit estimates, as follows (Source: ...
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