lets look at some possible issues1 dilution post EZ CORP, now...

lets look at some possible issues
1 dilution post EZ CORP, now forecast fy 10 npat is 21 mil, that is eps 5.8 cents based on current shares outstanding, ie 360 million, this places the stock at pe of 11.7.
2 increasing AUD vs GBP, reduces value of GB earnings
3 government regulation changes pending mid year 2010 re interest charges possible on customers
4 EZ CORP involvement reduces not increases takeover chances, as this is a major block to future acquisitors, ez corp does not need to do anything else, if there s a bargain basement price then they may bid for the whole company, without competition
5 if price of gold falls, and this is more likely than further appreciation in a commodity that has more accelerated in price over the past 5 years, CCV holdings reduce in value
6 increasing internet competition
for all these reasons CCV is not the great value many of you would think, at these prices.
look to buy at about 55 cents