Violent Capitalist

Finding Value in the Payday Loan Sector

umm a 36% cap, or a $15 per 100, would be significantly lower than the 240% apr's these guys are offering now... so there is room for the fact that the apr's will be constrained, not to mention their higher returns on capital - potentially can lead to a dangerous situation if investors make a bull market out of this.

working capital is also jumping up across the board (receivables, inventory, and PPE), and as that steadily increase the greater the likelihood that they will have to writedown their assets as time passes.

but i do agree EZPW is prob one of the better companies in this space.

Finding Value in the Payday Loan Sector

umm a 36% cap, or a $15 per 100, would be significantly lower than the 240% apr's these guys are offering now.

working capital is also jumping up across the board (receivables, inventory, and PPE), and as that steadily increase the greater the likelihood that they will have to writedown their assets as time passes.

but i do agree EZPW is prob one of the better companies in this space.

Debunking Citron's Hit Job on World Acceptance Corp.

the part on the receivables is in his part 2 is a very valid point, especially following a bull credit cycle those receivables can be a big problem - lawsuits or not.