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The Payday Loan Sector вЂ“ Sucked Down with Sub-Prime. The Longer Case for EZCorp (EZPW)
We think that it is the right time to aggressively spend within the cash advance area which, inside our strong view, happens to be inappropriately penalized with all the sub-prime sector. We outline the Payday Loan Industry below and argue that the sector hasn’t after all been afflicted with 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 exchanging at an extraordinarily low priced valuation and it has 40-70% upside within nine months along with exceptional longer-term leads.
The Cash Advance Industry
What exactly is an online payday loan? The Payday Loan business, sometimes also called the Payday Advance business, is just a consumer finance portion which involves the lending that is unsecured of amounts of cash, typically $500 or less, for brief amounts of time, typically fourteen days.