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Slide #34. First Cash Financial Services, Inc. — 12-Store Chain of U.S. Pawn Stores
First Cash Financial Services, Inc. (NASDAQ:FCFS)
12-Store Chain of U.S. Pawn Stores
First Cash Financial Services, Inc. (Nasdaq:FCFS) today announced that it has entered into an agreement to purchase the operating assets of a 12-store chain of large format pawn stores located in the Charleston, South Carolina area.
FirstCash is an operator of retail pawn stores in the U.S. and Latin America. Co. has stores the U.S. and the District of Columbia, Mexico, Guatemala, Colombia and El Salvador. Co.'s primary business is the operation of retail pawn stores, also known as pawnshops, which provides pawn loans and buys merchandise directly from customers. Personal property, such as jewelry, electronics, tools, appliances, sporting goods and musical instruments, is pledged and held as collateral for the pawn loans. Pawn stores also generate retail sales primarily from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.
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Buy (3.20 out of 4)