Author Topic: EZPW - EZCorp  (Read 85658 times)


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Re: EZPW - EZCorp
« Reply #260 on: February 04, 2019, 06:00:05 AM »

The convertible bonds due in June 2019 will be retired.  I think this is a positive, as alot of people have been afraid that the company would refinance them at a lower convert price.  Basically this suggests that capital allocation is improving, as one would expect since they made the change to management's comp structure. 

i am not saying that all of a sudden we have Outsider type capital allocators on our hands, but I am saying that this stock is crazy cheap.  it is recession proof, growing well, with room to improve margins, and it is trading below estimates of break up value.  that can't last as long as management is disciplined, which it seems like they are now.


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Re: EZPW - EZCorp
« Reply #261 on: April 09, 2019, 01:37:50 PM »
Well adding 6 new independent directors to the board doesn't get rid of Cohen, but its something.