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December 18, 2013
12:22 EDTCSHCash America sees PawnMart acquisitions immediately accretive to earnings
Cash America announced that it has completed the acquisition of a chain of 34 pawn lending locations in the States of Georgia - 31 locations, and North Carolina - three locations. These stores were owned by PawnMart and operate primarily under the PawnMart brand in both markets. Cash America previously announced that it had signed a definitive agreement in connection with the acquisition in August, with the intention of completing the acquisition during the fourth quarter. After completion of the transaction, Cash America operates 48 locations in Georgia and 20 locations in North Carolina. Management expects that the acquisition will be immediately accretive to earnings; however, the incremental earnings from the additional operating locations will not materially affect its expectations, published October 24, for the final quarter of FY13, which included the anticipated benefit of the acquisition. The aggregate purchase consideration for the PawnMart acquisition was approximately $61M. The full amount of the consideration was paid in cash and funded through borrowings under Cash America’s line of credit.
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April 16, 2014
12:00 EDTCSHCash America falls 4.5%
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April 11, 2014
08:49 EDTCSHCash America price target raised to $63 from $57 at Ascendiant
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April 10, 2014
09:21 EDTCSHOn The Fly: Pre-market Movers
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09:00 EDTCSHCash America rises 12.5%
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07:08 EDTCSHCash America sees Q1 EPS $1.50-$1.55, consensus $1.20
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07:07 EDTCSHCash America sees Q1 results exceeding expectations
07:02 EDTCSHCash America announces plans to evaluate separation of online business
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