Pawnshop's prospects are puzzling

Berko: EZCorp Inc. stock looks enticing, but something seems amiss.
Published: December 30, 2012
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I kind of feel as if I'm waiting for a shiver to run up my spine or for a second shoe to drop. It's difficult to believe management's fumbling explanation about a weak gold market and regulatory changes. Certainly, EZPW's board of directors, who are elected by shareholders to monitor the company, ought to be more forthcoming and tell us why Sterling Brinkley (the chairman of the board) sold 1.4 million shares at about $27-$29 each in November 2011.

I suggest you keep the 100 shares you bought at $24. And even though all the balance sheet and income statement numbers shout “buy me,” I'm a little leery about taking on another 100 shares.

Please address your financial questions to Malcolm Berko, P.O. Box 8303, Largo, FL 33775, or email him at mjberko@yahoo.com

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