Banking and Finance? How about a pawn shop? - PWN Message Board

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Non-Tech : Banking and Finance? How about a pawn shop? - PWN

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To: David Rubin who wrote (51)	1/28/1998 3:25:00 PM
From: Rickey Lynn Wilson	Read Replies (1) of 56

I don't see this stock breaking below 10; I believe the company would use capital to purchase shares at any price below 10; the results of the check cashing machine is the key; You can not find much better management anywhere and they are willing to spend big dollars to promote this machine; thus I have to think it is just a matter of time before a significant move. They disclosed during the earnings release conference with analysts that there are 34 machines installed and 60 more ordered. 11 machines were placed in bank lobbies of Wells Fargo in California. I believe that by the fourth quarter, Mr. Payroll will have enough machines in place to break even(300 to 400). Managment does not want to hype the machine and I believe this is for competitive reasons. I believe the recent move down was related to sellers with a lack of patience wanting the quick buck. I do look at the chart, but I believe that following the chart on this stock will probably cause one to miss a significant breakout to the upside. This stock has a lot more upside potential than downside.

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