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Slide #87. DFC Global Corp. — Ten Pawnbroking Stores
DFC Global Corp. (DLLR)
Ten Pawnbroking Stores
DFC Global Corp., a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced the acquisition of ten pawnbroking stores in the United Kingdom. The acquired stores, which reside in high population centers and visible locations with strong ALICE (Asset Limited, Income Constrained, Employed) and ARTI (Asset Rich, Temporarily Illiquid) populations across northern and southern England, currently offer pawn lending secured by gold jewelry, gold buying, foreign exchange and check cashing services.
DFC Global is a non-bank provider of alternative financial services, mainly unsecured short term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards, serving primarily unbanked and under-banked consumers. Co. has four segments: its retail store financial services offerings in Europe, Canada and the U.S., and its Internet lending business globally. At June 30 2013, Co.'s retail operations consisted of 1,507 retail storefront locations, of which 1,474 were Co.-owned. In addition to its retail stores, Co. provides Internet-based, unsecured short-term consumer loans in the U.K., Canada, Sweden, the Czech Republic, Spain and Poland.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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