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Advance America, Cash Advance Centers Inc. (AEA)

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Instablog posts on AEA

  • Focus on Cash-Flow Stocks by Davy Bui
    "When you see cash flow, you've got to buy it."I read that statement in an interview with a money manager in Barron's last week and it stuck with me. So this sentiment provides the theme behind this week's stock screen, which emphasizes free cash flow (FCF). Here were the specific... More »
    September 15, 2009 AAWW, AEA, CHCG
  • Finding Value in the Payday Loan Sector by Larry Meyers
    I wanted to take a look at the undervalued payday loan sector and see if crunching numbers might reveal something behind the overall state of the sector.  So I put the companies side by side and ran some basic calculations.  The companies in the sector are First Cash Financial... More »
    July 7, 2009 AEA, CSH, DLLR
  • Payday Lender Stock Update by Larry Meyers
    EZCorp (EZPW) cut FY guidance from $1.51 to $1.42 (average) which, still represents 16% - 19% earnings growth YOY.  The company cited weakening demand for loans as well as sales of pawned merchandise.  Because a customer cannot get a payday loan without a job, the nation’s 9.4%... More »
    June 14, 2009 FCFS, EZPW, CSH
  • Payday Lenders Battle Ohio's Slippery Regulators by Larry Meyers
    What backroom dealings are going on in Ohio government these days?  Could it be that the forces opposed to payday lending (PDL) have given the nod and wink to the Ohio Division of Financial Institutions (DFI) to create a chilling effect on lenders?  There's certainly an argument to... More »
    June 1, 2009 EZPW, FCFS, AEA
  • Debunking Citron's Hit Job on World Acceptance by Larry Meyers
    Last week, Citron Research issued a report on World Acceptance Corporation (WRLD) that demonstrated a staggering degree of either ignorance or malfeasance. Their tabloid-style reporting seems designed to maximize fear in stockholders.   One could reasonably assume it is because Citron... More »
    May 11, 2009 WRLD, FCFS, EZPW
  • Microlending: Some Missed Opportunities by Ross Snyder
    Stock markets have recovered most of this year’s losses. Where I live, spirits have risen too. Houses on my block have sold for more than they were purchased. The Friday afternoon rush hour drags into the evening as restaurants are filling their tables again. If you... More »
    April 20, 2009 RCII, AEA, DCO
  • Payday Lenders vs. Government Paternalism by Larry Meyers
    "I am a man of many sins, but [at least] I am not a politician"  -  from the TV series “Deadwood”Let’s get one thing clear: A 36% APR rate cap means a 90% revenue cut for payday lenders.  Opponents of the product feign ignorance at this, but it’s... More »
    April 19, 2009 EZPW, FCFS, CSH

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