jhains2
Long

Looking for Purely Chart Opinions

NASDAQ:EZPW   EZCORP INC
46 8 1
4 months ago
Am I allowed to do that?

I am up 100% in this position based on fundies.

It's the largest position I've ever had.

Earnings come out after the close tomorrow with a call on Thursday a.m.

What would you do?

#breakthehouserules



3 months ago
Trade active: I am still holding this.

The stock got a big boost from an analyst upgrade at C.L. King that has an $11.25 target price and a FY2017 (September FY) earnings estimate of 70 cents per share.

If the 70 cent per share earnings estiamte is close to accurate, this name, at $10 today, still has upside of 40%+ plus, as peer companies (FCFS is acquiring CSH) are trading in excess of 20x trailing earnings. That would put a potential EZPW price next Spring into the $14-$15 range.

Caveats and catalysts include closing the sale of its Mexican payday lending business (does it get any riskier than that?) and using those funds for accretive M&A activity.
wardjm PRO
4 months ago
I don't see a good reason to sell. The 9.00 level is holding pretty strong. If you are nervous, I'd sell 50% to lock in profits and hold the rest for more conclusive chart pattern. Then, no matter what, you've got your profits and can let more ride.
Reply
HughGReckshun
4 months ago
Clearly you should sell half. Lock in some of those gains! To just keep holding it all is gambling that it's going to be a great earnings report. You have no idea of knowing what it will be. Even if it's a good report, frequently investors have a "sell on news" mentality and the shares will go down anyway. So sell half and don't kick yourself if the shares do go higher after earnings.
Reply
jhains2 HughGReckshun
4 months ago
Obviously good advice.
My fundamental research leads me to believe it should be in the $12-$15 range as various
issues fade away and the core earnings power becomes visible.

But it is definitely hard to argue with selling half.
Reply
HughGReckshun jhains2
4 months ago
Earnings delayed until Aug. 9 (as I'm sure you know). And from what I read from the CEO they're expected to be quite good. Maybe hold on through the earnings if you haven't sold half yet?
Reply
jhains2 HughGReckshun
4 months ago
I sold about 7% of my position in a pair of accounts where it was a ridiculous percentage of assets (kid's accounts).

In the main accounts I was really close to pulling the trigger but my wife said she was willing to see the earnings report
so I didn't do anything.

I don't think I have ever seen a company announce that they discovered an accounting error and seen the stock go up and I've seen a lot over the years.

Nice handle, btw.
Reply
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