Ezcorp is finally stepping in and shakes things up!
Just what I thought is the right thing to do. Change the management and focus on execution and most important of all - compliance. Shareholder do not need another "brilliant" move. It is a strong franchise which made a few huge blunders in the past few and cost the shareholders dearly. I have doubt over governance. Some of those "investment blunders" look to me are transferring wealth from shareholder to crony.
What kind of stupid deal that can cost shareholder 20 plus million dollar without getting anything in return, justified by so called "saving" which evaporated due to so called strategic shift? Also pump money into car business and close down the business in less than 12 months? All sound fishy moves from the previous management to me.
Well done EZCorp.
CCV Price at posting:
36.5¢ Sentiment: None Disclosure: Held
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