Ezcorp completes deal for 11 pawn shops Nov 15, 2008
Ezcorp completed its $34 ... With the transaction Austin-based Ezcorp acquired approximately $5 ... Ezcorp paid $17 million in cash and issued $17. (Austin Business Journal, TX)
EZCORP Completes Acquisition of Eleven Nevada Pawnshops Nov 14, 2008
AUSTIN, Texas, Nov. 13 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: ) announced that it completed today the acquisition of the assets of eleven pawnshops located in Las Vegas and Henderson, Nevada that operate under the Pawn Plus and ASAP Pawn brands ... 3 million was paid with the issuance of 1,116,505 shares of EZCORP's Class A Non-voting Common Stock and the remaining $17 ... EZCORP's President and Chief Executive Officer, Joe Rotunda, stated, "We believe this is an excellent acquisition... (PR Newswire)
EZCORP Announces Fiscal 2008 Fourth Quarter and Yearend Results Nov 7, 2008
AUSTIN, Texas, Nov. 6 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW) announced today results for its fourth fiscal quarter and 2008 fiscal year, which ended September 30, 2008. For the quarter ended September 30, 2008, EZCORP's net income increased 44% to $16,031,000 ($0 ... Commenting on these results, President and Chief Executive Officer, Joe Rotunda, stated, "Our fourth fiscal 2008 quarter was our twenty-fifth consecutive quarter of year over year earnings growth. While the... (PR Newswire)
More People Trading In Memories At Pawn Shops Oct 22, 2008
Texas-based pawnshop operators Ezcorp Inc. and Cash America International Inc. have both seen their profits skyrocket in the past few months. Ezcorp saw a 60 percent increase for their third-quarter earnings and Cash America saw a second-quarter profit jump of 52 percent. (Click2Houston, TX)
Excel version Oct 3, 2008
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Value Financial, Ezcorp renegotiate $115M buyout deal Sep 18, 2008
-based Value Financial last month backed out of an acquisition by Austin-based Ezcorp Inc. (Nasdaq: EZPW) valued at $110 million, stating there wasn t enough value for shareholders in that deal. Value Financial CEO John Thedford says Ezcorp is now willing to meet terms that included an exchange of company shares priced at the deal s closing, slated for Dec. 31 ... Ezcorp agreed to exchange three-quarters of a share of its Class A non-voting common stock for each share of Value Financial s common... (Austin Business Journal, TX)
EZCORP Announces New Agreement to Acquire Value Financial Services Sep 17, 2008
AUSTIN, Texas, Sept. 16 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW) announced today that it has entered into a new merger agreement to acquire 100% of the equity ownership of Value Financial Services, Inc. ("Value") ... In the merger agreement, EZCORP agrees to exchange three-quarters of a share of EZCORP's Class A Non-voting Common Stock ("EZPW") for each of the approximate 6,646,000 shares of Value's common stock ... EZCORP also agrees to pay cash consideration of $11. (PR Newswire)
Ezcorp lines up deal for 11 Nevada pawn shops Sep 6, 2008
The seller, Craig McCall, will join Ezcorp as a consultant. Ezcorp (Nasdaq: EZPW) expects the new stores will contribute 5 to 6 cents a share to its fiscal 2009 earnings ... We believe this is an excellent acquisition in a very good pawn market and will complement our existing four Las Vegas locations, says Ezcorp President and CEO Joe Rotunda. (Austin Business Journal, TX)
Value Pawn Terminates Proposed Merger With EZCorp Inc. Aug 13, 2008
Aug. 12 /PRNewswire/ -- Orlando-based Value Financial Services (Value) - which operates Value Pawn ry stores - announced today that it has terminated the merger agreement and its proposed merger with Texas-based EZCorp Inc. (Nasdaq: ) ... "It's disappointing on one level because of the many resources that had been dedicated to the transaction. However, in the end we thought our shareholders' and team members' interests were best served by not moving forward with the transaction. Fortunately, our... (PR Newswire)
Value Financial backs out of Ezcorp deal Aug 13, 2008
Value Financial, which in June said it would be acquired by Austin-based pawn shop and payday loan operator Ezcorp Inc. (Nasdaq: EZPW), instead decided to exercise an option to end the $110 million deal. Value Financial is evaluating its options going forward. (Orlando Business Journal)
EZCORP, Inc. Aug 12, 2008
Value Financial says no to Ezcorp deal - Austin Business Journal ... Value Financial says no to Ezcorp deal ... Value Financial Services has terminated an agreement to be acquired by Ezcorp Inc.. (Austin Business Journal, TX)
Value Financial says no to Ezcorp deal Aug 12, 2008
Value Financial Services has terminated an agreement to be acquired by Ezcorp Inc.. Austin-based pawn shop and payday lending company Ezcorp announced on June 5 that it would buy Value Financial of Maitland, Fla ... The deal called for Ezcorp to pay $73 million to Value Financial shareholders, assume roughly $35 million in debt and pay estimated transaction costs of $1. (Austin Business Journal, TX)
Ezcorp profits rise 60 percent Jul 28, 2008
The forced shutdown of operations in Florida and a $600,000 lawsuit settlement in Texas didn't keep Ezcorp Inc. from a big second quarter earnings spike ... Ezcorp (Nasdaq: EZPW) logged revenue of $108 million, up 24 percent from the year-earlier period ... Shares of Ezcorp were trading at about $17. (Austin Business Journal, TX)
Impatience Is a Virtue Jul 17, 2008
6 Stocks for Impatient Value Investors (AZZ, EZCorp, ICON, Ross Stores, Safeco, Wabtec) at SmartMoney. com. (SmartMoney)
• As economy turns down, pawnshops' business looks up Jul 14, 2008
Earnings of the three publicly traded pawn companies -- Cash America International Inc., EZCORP Inc. and First Cash Financial Services Inc. -- grew by double-digit percentages this year. Last week, at the National Pawnbrokers Assn. convention here, shop owners said they were lending more money to more customers for longer periods. (Q13.com, WA)
Pawn shops, payday lenders see business rise Jul 13, 2008
Texas-based pawn shop operators Ezcorp Inc. and Cash America International Inc. both boosted their profit outlooks for the upcoming quarter this week ... Ezcorp lifted its outlook to 25 cents per share from 21 cents for its fiscal third quarter. (MSNBC -- Business)
Momentum of Truth Jul 13, 2008
8 Stocks With Red-Hot Price Momentum (Robbins , Psychiatric Solutions, Navteq, Hanger Orthopedic Group, Flir Systems, EZCorp, Circor International, Aerovironment) at SmartMoney. com. (SmartMoney)
Value Financial CEO will head pawn operations for Ezcorp Jun 10, 2008
John Thedford, CEO of , will join Ezcorp Inc. once that company's purchase of Value Financial is complete in July. Thedford, who founded Value Financial Services in 1994, will become president of Ezcorp's Ezpawn Worldwide operations where he will oversee all of the company's pawn business in the United States and Mexico ... Austin-based Ezcorp (Nasdaq: EZPW) announced its planned $110 million purchase of Value Financial last week. (Austin Business Journal, TX)
Value Pawn founder gets position with Ezcorp Jun 10, 2008
Austin-based Ezcorp Inc. (Nasdaq: EZPW), which last week announced plans to buy Maitland-based Value Financial for $110 million, on Monday announced that John Thedford will be president of the new subsidiary, Ezpawn Worldwide, when the acquisition closes in July ... He will also be a member of Ezcorp's executive committee. (Orlando Business Journal)
Payday lenders look to voters May 24, 2008
Those major players are Advance America, Cash America International, Dollar Financial, EZCORP, First Cash Financial Services and QC Holdings, he said. In Arizona, the largest company is privately held Ace Cash Express, which has at least 81 outlets. (AZCentral -- News)
More rice than ever before May 13, 2008
Will slumping share prices send the CEOs of Cash America International and EZCorp Inc. down to the local pawnshop, gold watch in hand. One suspects they would be more likely to sell off their vacation homes, or cancel before they find themselves standing in line at the payday loan center. (Salon)
Payday Lenders Getting Stiff-Armed Mar 26, 2008
EZCORP (Nasdaq: EZPW) has only one. Others, like Cash America (NYSE: CSH) and QC Holdings (Nasdaq: QCOO), don't have any operations in the state, though First Cash Financial (Nasdaq: FCFS) operates nine buy here/pay here auto dealerships, which tend to cater to the same clientele. (MSNBC -- Business)
Ezcorp to buy Fla. pawn shop operator Mar 18, 2008
Ezcorp Inc. has agreed to acquire a majority ownership of pawn shop operator. Ezcorp (NASDAQ: EXPW) is an Austin company managing payday lending stores and pawn shops in the United States and Mexico ... The agreement allows Ezcorp to own between 70 percent and 100 percent equity in Value Financial Services, which is based in Maitland, Fla. (Austin Business Journal, TX)
EZCorp profit up in Q1 Jan 26, 2008
Profits at Austin-based EZCorp Inc. jumped 29 percent in the company's first quarter of fiscal 2008 with improved sales in Mexico pawn shops. EZCorp (NASDAQ: EZPW) reported a profit of $12 ... EZCorp stock rose 8 percent Friday to $12. (Austin Business Journal, TX)
Good Riddance to Tax Refund Loans? Jan 6, 2008
They're not as outrageous as rates from payday advance outfits such as Advance America (NYSE: AEA), Dollar Financial (Nasdaq: DLLR), Cash America (NYSE: CSH), and EZCORP (Nasdaq: EZPW); those anticipation loans can fetch fees equivalent to more than 200% on an annualized basis. However, it's hard to shake the IRS off your tail when it doesn't like what it smells. (MSNBC -- Business)
When It's Good to Be in Uniform Nov 9, 2007
Companies in this business, including Advance America (NYSE: AEA), Dollar Financial (Nasdaq: DLLR), Cash America (NYSE: CSH), and EZCORP (Nasdaq: EZPW), have made plenty of money -- but often at the expense of ordinary people who are struggling to make ends meet. I encourage you to let your congressional representatives know what you think about this topic. (MSNBC -- Business)
EZCORP Acquires 20 Store Mexico Pawnshop Chain Aug 17, 2007
AUSTIN, Texas, Aug. 16 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW) announced today that it has entered into an agreement to acquire the assets of the 20 Mexico pawnshops owned and operated by MMFS Intl ... EZCORP's President and Chief Executive Officer, Joe Rotunda, stated, "We are very excited about this opportunity. The Mister Money operations are quality assets with a pawn portfolio of approximately $3 million and trailing twelve month store-level operating income of approximately... (PR Newswire)
EZCorp fiscal Q3 profit goes up 21 percent Jul 26, 2007
EZCorp Inc. reported a spike in revenue and operating income in its third quarter. EZCorp (NASDAQ: EZPW) of Austin, which operates one of the largest chain of pawn shops in the nation, reported third quarter net income of $6 ... Joe Rotunda, EZCorp president and CEO, attributes the growth to improvement in all segments of its business and sharpened lending practices. (Austin Business Journal, TX)
EZCORP and NetSpend Collaborate on Debit Card With Built-in Overdraft Protection Jul 25, 2007
AUSTIN, Texas, July 24 /PRNewswire/ -- EZCORP, Inc. (Nasdaq: ), an Austin, Texas based provider of short-term consumer cash solutions, is collaborating with NetSpend Corporation, one of the premier providers of prepaid solutions in the United States, to make available its ALL-ACCESS(R) MASTERCARD Prepaid Card to consumers at more than 390 EZMONEY loan services stores across ten states ... "This relationship with EZCORP marks another significant milestone in our ongoing efforts to increase our... (PR Newswire)
EZCORP buys UK pawn operator Jul 13, 2007
Austin-based EZCORP [NASDAQ: EZPW], one of the largest pawn operators in the nation, is Albemarle and Bond's largest shareholder and will remain so after the transaction closes ... EZCORP will buy 3 million of those shares for about $13 ... EZCORP operates nearly 400 EZMONEY stores and 280 EZPAWN locations. (Austin Business Journal, TX)
EZCORP to Present at the Jefferies Financial Services Conference Jun 14, 2007
AUSTIN, Texas, June 13 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW) announced today that Joe Rotunda, EZCORP's President and Chief Executive Officer, and Dan Tonissen, EZCORP's Chief Financial Officer, will present at the Jefferies Financial Services Conference on June 20th at 4:00 PM Eastern time ... EZCORP is primarily a lender or provider of credit services to individuals who do not have cash resources or access to credit to meet their short-term cash needs. (PR Newswire)
Ex-life insurance exec named to EZCORP board Jun 5, 2007
EZCORP (NASDAQ: EZPW), one of the nation's largest pawnshop operators, also appointed Edwards to the board's compensation committee ... "Dick Edwards' expertise in financial and strategic business development areas as well as his organizational leadership experience will be a significant asset to our organization," says Joe Rotunda, EZCORP's president and CEO. ... EZCORP has 280 EZPAWN units and 369 EZMONEY locations throughout the United States. (Austin Business Journal, TX)
Agreement reached in EZCorp case Jun 3, 2007
Attorney General Greg Abbot says his office is requiring EZCorp Inc. to either shred such sensitive documents before throwing them away or having them removed by a documents disposal company. The state sued EZCorp ... The attorney general alleged that EZCorp broke business and consumer protection laws, including the 2005 Identity Theft Enforcement and Protection Act, which requires businesses to uphold safeguards when disposing of sensitive client documents. (Austin Business Journal, TX)
Senior Executive Joins EZCORP Board Jun 2, 2007
AUSTIN, Texas, June 1 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW) announced today the addition of a new member to the Company's Board of Directors. RICHARD M. (Dick) EDWARDS has been elected to the Board of Directors of EZCORP Inc. and will be a member of the Board's Compensation Committee ... Joe Rotunda, EZCORP's President and Chief Executive Officer said, "The expansion of EZCORP's independent Directors ensures the Company will continue to benefit from a diversity of experience and... (PR Newswire)
EZCORP Redoubling Strong Efforts to Protect Customer Data, Guard Against Identity Theft May 9, 2007
AUSTIN, Texas, May 8 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW), the 3,000-employee, Austin-based parent company of EZPAWN and EZMONEY Loan Services, today responded to statements by Texas Attorney General Greg Abbott regarding protection of customer data. "EZCORP has strong identity protection policies and systems in place, including a state-of-the-art 'paperless' document system, written document retention policies, and regular audits to ensure compliance," said EZCORP President and... (PR Newswire)
State Files Suit Against Pawnshop Chain May 9, 2007
The suit also names Austin-based EZCORP, Inc., of which EZPAWN is a subsidiary ... EZCORP president Joe Rotunda says the issues appear to be the result of human error. (KWTX.com, TX)
EZCorp Q2 earnings rise Apr 26, 2007
Contributing to EZCorp's positive quarter, was the opening of 29 new EZMoney stores in the U.S. and a second location in Mexico ... EZCorp (NASDAQ: EZPW) is a lender that provides credit services, such as non-recourse loans using tangible personal property as collateral, commonly known as pawn loans. (Austin Business Journal, TX)
CNBC's Cramer: Buy EZCORP, hold off on Dell Mar 19, 2007
He also credits the management of EZCORP with producing a solid business model. "What I truly like about them is that they are able to gouge -- legitimately and legally gouge. And I refuse to pass judgment on that because everybody in the end wants to be able to do something legal that makes a lot of money, and that's what EZ does.". (Austin Business Journal, TX)
Buying Schadenfreude Feb 23, 2007
We've Got Stocks for You (Coinmach, EZCorp ... We've Got Stocks for You (Coinmach, EZCorp. (SmartMoney)
EZCorp.'s profits shoot up 44% Jan 25, 2007
Pawn shop operator EZCorp Inc. reported increases in income and earnings for the first quarter of its 2007 fiscal year, which ended Dec. 31, as the company plots significant expansion in the year ahead ... Austin-based EZCorp's quarterly revenue was also up, totaling $91 ... "The demand for our loan products continues to be strong as consumers seek lower cost alternatives to the fee-based services offered by traditional financial institutions," says Joe Rotunda, CEO of EZCorp. (Austin Business Journal, TX)
Ten reasons why the S&P 500 may charge to a record in '07 Jan 2, 2007
10 reasons a new Srecord can't be ruled out - USATODAY.com. Real solutions for your real estate needs. (USA Today -- Money)
