First Cash Financial Services, Inc. (FCFS) upgraded to Buy with price target $26 by Feltl & Co.
First Cash Financial Services, Inc. (NASDAQ:
FCFS) upgraded to Buy with price target $26 by Feltl & Co.
First Cash Financial Services, Inc.
is an operator of pawn and consumer finance stores in the United States and Mexico. As of March 12, 2009, the Company had over 535 locations in 12 United States states and 16 states in Mexico. The Company's pawn stores engage in both consumer finance and retail sales activities. They are a source for small consumer loans, advancing money against pledged tangible personal property, such as jewelry, consumer electronics, tools, sporting goods and musical instruments. In addition, many of the Company's pawn stores offer short-term loans or credit services products. The Company operates stand-alone short-term loan stores in six United States states and nine states in Mexico. These stores provide consumer financial services products, including short-term loans, credit services, check cashing, money orders, money transfers and prepaid card products. In June 2009, the Company acquired the assets of two pawn stores located in Dallas.
Feltl and Company's Research Department is focused on micro to small market capitalization companies that are not widely covered by other research firms. Our research universe is focused and organized around the sectors of Technology, HealthCare, and Leisure/Consumer. Feltl and Company holds its research department to very high standards,
and strives to provide value- added investment ideas through sound fundamental analysis.
Feltl and Company's Research Department includes six senior analysts and one associate analyst with many years of investment analysis experience. Although we are focused on, and committed to, companies in the Upper Midwest, our reach extends from coast to coast. About half of the companies we cover are headquartered outside our "backyard."
Our analysts have significant industry experience and strive to know their companies inside and out. Through stringent analysis, they provide value by creating a disciplined application of company valuation, allowing our clients to make sound investment decisions.