EZCORP Is Down on Termination of Value Financial Deal [View article]
Mark, I have been all over this one ever since I wrote it up earlier this year at Seeking Alpha. I sold most of my stock in the 17s, but I reloaded big-time yesterday at 15.63. I love these shoot-first ask-later reactions. I am 95% sure that this is just pure profit-taking spurred by some momo guy who doesn't care why but does care that the EPS estimates have stopped rising (for now). I am 5% worried that there is a deeper issue - why did VFS walk away? My uneducated guess is that we will learn someone else entered the picture with a deeper wallet. Nonetheless, I think that even though gold is crashing, it is a great story. Nice heads-up
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Mark, I have been all over this one ever since I wrote it up earlier this year at Seeking Alpha. I sold most of my stock in the 17s, but I reloaded big-time yesterday at 15.63. I love these shoot-first ask-later reactions. I am 95% sure that this is just pure profit-taking spurred by some momo guy who doesn't care why but does care that the EPS estimates have stopped rising (for now). I am 5% worried that there is a deeper issue - why did VFS walk away? My uneducated guess is that we will learn someone else entered the picture with a deeper wallet. Nonetheless, I think that even though gold is crashing, it is a great story. Nice heads-up
Aug 12 08:59 am
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All Comments by Alan Brochstein »EZCORP Is Down on Termination of Value Financial Deal [View article]