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Rating: FCFS
Neutral
up 66.00 %

Ferris Baker Watts downgraded First Cash Financial Services, Inc. (NASDAQ: FCFS) to Neutral

Tuesday,  May 13, 2008  10:25 AM ET by Lynn Gilbert

Ferris Baker Watts downgraded First Cash Financial Services, Inc. (NASDAQ: FCFS) to Neutral. Previously, Ferris Baker Watts rated First Cash Financial Services, Inc. (NASDAQ: FCFS) to Buy with
price target $17 on 01/23/2008, when the stock price was valued at $9.28. Since then, First Cash Financial Services, Inc.'s stock price has gained 66% as of 05/13/2008's recent price of $15.40.
If you had followed Ferris Baker Watts's previous recommendation on FCFS, you would have gained 66% of your investment in 111 days.

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.

Ferris, Baker Watts, Incorporated is the largest full-service investment banking firm headquartered in Washington, DC. The company is a member of the New York Stock Exchange and SIPC, and is wholly-owned by its employees. The company is a dynamic force in investment banking serving clients throughout the mid-Atlantic region. Our firm is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions.



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