2024-06-05 03:38:48 ET
Summary
- Besides lower engagement in brick-and-mortar stores, EZCORP has added 248 pawn shops over the past five years, with strong growth in Latin America, and stagnated growth in the US.
- Revenues have been on the rise over the past years, and bottom-line margins have expanded significantly, with the current net income margin hitting a decade record.
- Although the company is benefiting from lower credit availability, their business remains too outdated, and adding them to a long-term portfolio without paying dividends makes no sense.
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For further details see:
EZCorp: Improving Margins, But With Decreasing Exposure To The U.S.