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Stock Market & Financial Investment News

News Breaks
February 1, 2013
07:19 EDTFCFSFirst Cash Financial downgraded to Neutral from Overweight at JPMorgan
Price target raised to $58 from $56.
News For FCFS From The Last 14 Days
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October 28, 2014
16:30 EDTFCFSFirst Cash Financial acquires 15 pawn stores for $25.3M in cash
First Cash Financial Services announced that it is acquiring a chain of 15 large format pawn stores located in the states of Kentucky, Missouri, Tennessee and South Carolina. With this acquisition, the company now operates over 1,000 total store locations in 13 U.S. states and 29 states in Mexico. The company expects the acquired stores, all of which make pawn loans on a wide array of general merchandise collateral and have significant retail operations, to mesh well with First Cash's operating strategy and to become accretive to earnings in 2015. For the full year, the company now expects to add approximately 115 total locations. The purchase price for the all-cash asset acquisition of the 15-store chain is approximately $25.3M, subject to certain working capital adjustments. The company has completed the purchase for 13 of the locations and expects to complete the acquisition of the other two locations by year end. Including the impact of transaction costs and integration expenses, the company expects limited earnings accretion from these acquisitions in 2014.
October 22, 2014
06:37 EDTFCFSStates relax personal loan restrictions, NY Times says
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