Cash America: Up 16% on Higher Guidance - Brian Bober

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Cash America: Up 16% on Higher Guidance
Jul 08, 2008 10:31 AM UTC

Brian Bober

Return	Risk
-17.74%	MID

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Symbol	Sentiment	Start	Return	Closed
CSH		07/08/08	-18.11%	--

Via Long Investment Ideas from Seeking Alpha:

Yesterday, Cash America (CSH), the leading pawn retailer and one of the leading cash advance merchants, dramatically raised its Q2 2008 guidance sending the stock up 16%.

[Cash America] expects second quarter 2008 earnings per share to be between 51 cents and 54 cents. The Company’s updated expectation for the second quarter of 2008 is now between 62 cents and 64 cents per share, up over 44% from 43 cents per share earned in the second quarter of 2007. Cash America will release complete second quarter results on July 24, 2008 before the market opens.

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