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Ezcorp payday loan The Payday Loan Sector Sucked Down with Sub-Prime. The Long Case

Ezcorp payday loan The Payday Loan Sector Sucked Down with Sub-Prime. The Long Case

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The Payday Loan Sector – Sucked Down with Sub-Prime. The Longer Case for EZCorp (EZPW)

We think that it’s time to aggressively spend into the cash advance area which, within our strong view, was inappropriately penalized using the sector that is sub-prime. We outline the Payday Loan Industry below and argue that the sector has not yet at all been impacted by the sub-prime meltdown and now trades at extremely compelling valuations. In addition, we propose a certain suggestion, EZCorp (EZPW) which, inside our viewpoint, is investing at an extraordinarily low priced valuation and has now 40-70% upside within nine months along with exemplary longer-term leads.

The Cash Advance Industry

What exactly is a Pay Day Loan? The Payday Loan business, sometimes also called the Payday Advance business, is a customer finance section which involves the unsecured financing of little amounts of cash, typically $500 or less, for short amounts of time, typically a couple of weeks. The debtor is charged a charge, usually amounting to 15per cent to 20per cent regarding the advance quantity, instead of mortgage and, regardless if the advance just isn’t paid whenever due, interest doesn’t accrue. Continue reading