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-0.00381970970206264 -0.00381970970206264 0.0012987012987012 -0.00886172650878531 -0.0116119174942705 -0.0152788388082506 -0.00985485103132156 -0.00977845683728037
Stock impact report

FirstCash Undervalued Amid Exceptional Operational Uncertainty [Seeking Alpha]

FirstCash Holdings, Inc. (FCFS) 
Last firstcash holdings, inc. earnings: 4/22 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.firstcash.com
Company Research Source: Seeking Alpha
SummaryFirstCash is seeing improving retail sales in the U.S., but weak pawn demand in both the U.S. and Mexico remains concerning.Pawn loan demand is being negatively impacted by government stimulus and reduced household spending, but these headwinds should fade later in 2020.Toward the end of 2020, this should resemble a more typical recession and FirstCash should see increased unemployment and tighter access to credit drive more pawn loan demand.Modeling now involves a very elevated level of uncertainty, but the shares look meaningfully undervalued.I’m not sure who said it, but I’ve long loved the quote, “History doesn’t repeat itself, but it often rhymes” (the quote is often attributed to Samuel Clemens, but it’s disputed). No two recessions are ever the same, and while recessions are often relatively good opportunities for pawn shop operatorFCFSI don’t expect 2020 to be a good year for FirstCash; I wasn’t expecting that before, and I’m expecting a worse outcome now. I do think th Show less Read more
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