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($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
People always had junk.
Before eBay, before Facebook Marketplace, before your cousin tried to flip sneakers out of his mom’s garage — there were pawn shops.
You needed cash? You grabbed a guitar, a gold chain, or a power drill that “fell off a truck” and you went to the pawn shop. People thought that when the internet and Ebay became mainstream, no one would want pawn shops anymore.
Fast-forward to 2025. We’ve got AI, crypto, flying drones, and people still need cash RIGHT NOW. Here’s how a pawn shop works. Someone needs money so they bring something to the pawn shop. The pawn shop gives the person a loan (an amount less than what the item is worth) and uses the item as collateral. If the shop sells the collateral before the customer repays the loan, the shop pockets the profit. If the customer returns before the item is sold and repays the loan, often after his next paycheck, he gets his pawned item returned.
That’s where EZCORP ($EZPW) comes in. And let me tell you something:
Pawn shops aren’t going anywhere.
EZPW is printing money.
Wall Street still hasn’t figured it out.
Today I bought stock in EZPW (EZCORP, Inc) at 19.94. I will sell it in 4 – 6 weeks at 23.04. Here’s why I like EZPW.
WHAT DOES EZPW DO?
EZCORP runs pawn shops. Simple business. Beautiful business.
Someone needs cash → brings in jewelry, electronics, tools, musical instruments, whatever → EZPW lends them money. Non-recourse loans. Collateral in hand.
Banks hate these customers. EZPW LOVES them.
This business works:
2025: EZPW ABSOLUTELY WENT OFF
Let’s talk facts before I start yelling.
In 2025:
And gold? Gold is at nosebleed levels.
Pawn shops LOVE high gold prices:
LATIN AMERICA: THE SECRET SAUCE
EZPW used to be a U.S. pawn shop story.
Not anymore.
Management has been buying pawn shops in Mexico and Latin America like they’re Pok?mon cards.
Why?
This isn’t reckless expansion — this is copy-paste a proven model into underserved markets.
That’s how empires are built.
BUT WAIT… WHY IS THIS THING STILL CHEAP?
I’m not one to walk away from Spags, Building 19 and Value Village
EZPW trades at:
WHY?
Old corporate governance fears (mostly gone)
Convertible debt overhang (being worked on)
Zero hype, zero sex appeal
This is EXACTLY the kind of stock the ANAL-ysts undervalue.
DO THE DIRTY MATH
Let’s be conservative (even though I hate that word):
If EZPW gets re-rated to:
$25–$29/share from the core business..that’s already past my sell target.
Then add:
Now we’re talking:
$28–$31/share intrinsic value
Do you see the problem? Because I see MISPRICING.
CATALYSTS THAT MAKE THIS THING GO BOOM
You don’t need miracles. You just need execution.
Here’s what could push EZPW higher in 2026:
✅ Continued Latin America acquisitions
✅ Digital / omnichannel rollout
✅ Debt cleanup removing the overhang
✅ Gold staying elevated
✅ Earnings growth doing the talking
Even if gold cools off, this business still throws off cash.
This isn’t a meme stock.
This is a cash-generating machine with junk in the safe.
Most importantly, this stock is CHEAP.
To sum it up:
EZPW is:
✔ Boring
✔ Ugly
✔ Profitable
✔ Growing
✔ Undervalued
These are my FAVORITE kinds of stocks.
The market likes it enough to have it trading at its high but this high is just a future floor for something higher. The customers need it. The cash keeps coming.
I am HUGE.
Bring me your finest meats and cheeses.
$$$MR. MARKET$$$
www.mrmarketishuge.com
People always had junk.
Before eBay, before Facebook Marketplace, before your cousin tried to flip sneakers out of his mom’s garage — there were pawn shops.
You needed cash? You grabbed a guitar, a gold chain, or a power drill that “fell off a truck” and you went to the pawn shop. People thought that when the internet and Ebay became mainstream, no one would want pawn shops anymore.
Fast-forward to 2025. We’ve got AI, crypto, flying drones, and people still need cash RIGHT NOW. Here’s how a pawn shop works. Someone needs money so they bring something to the pawn shop. The pawn shop gives the person a loan (an amount less than what the item is worth) and uses the item as collateral. If the shop sells the collateral before the customer repays the loan, the shop pockets the profit. If the customer returns before the item is sold and repays the loan, often after his next paycheck, he gets his pawned item returned.
That’s where EZCORP ($EZPW) comes in. And let me tell you something:
Pawn shops aren’t going anywhere.
EZPW is printing money.
Wall Street still hasn’t figured it out.
Today I bought stock in EZPW (EZCORP, Inc) at 19.94. I will sell it in 4 – 6 weeks at 23.04. Here’s why I like EZPW.
WHAT DOES EZPW DO?
EZCORP runs pawn shops. Simple business. Beautiful business.
Someone needs cash → brings in jewelry, electronics, tools, musical instruments, whatever → EZPW lends them money. Non-recourse loans. Collateral in hand.
Banks hate these customers. EZPW LOVES them.
This business works:
- When times are bad
- When times are good
- When the Fed is drunk
- When gold is on fire
2025: EZPW ABSOLUTELY WENT OFF
Let’s talk facts before I start yelling.
In 2025:
- Stock is up ~64% in the last 12 months
- Revenue growth: double digits
- Adjusted EBITDA growth: 30%+
- EPS growth: ~36%
- Store count: 1,300+ locations
- Latin America expansion: no siesta here
And gold? Gold is at nosebleed levels.
Pawn shops LOVE high gold prices:
- Bigger loans against jewelry
- Higher resale value if customers don’t redeem
- More foot traffic
- More profit
LATIN AMERICA: THE SECRET SAUCE
EZPW used to be a U.S. pawn shop story.
Not anymore.
Management has been buying pawn shops in Mexico and Latin America like they’re Pok?mon cards.
Why?
- Less competition
- Strong demand for short-term credit
- Better growth rates
- Less regulatory nonsense
This isn’t reckless expansion — this is copy-paste a proven model into underserved markets.
That’s how empires are built.
BUT WAIT… WHY IS THIS THING STILL CHEAP?
I’m not one to walk away from Spags, Building 19 and Value Village
EZPW trades at:
- ~13x forward earnings
- ~7x EV/EBITDA
- ~18x earnings
- ~15x EV/EBITDA
WHY?
Old corporate governance fears (mostly gone)
Convertible debt overhang (being worked on)
Zero hype, zero sex appeal
This is EXACTLY the kind of stock the ANAL-ysts undervalue.
DO THE DIRTY MATH
Let’s be conservative (even though I hate that word):
If EZPW gets re-rated to:
- 9–10x EV/EBITDA (still below FCFS)
$25–$29/share from the core business..that’s already past my sell target.
Then add:
- Cash Converters stake
- Simple Management Group interest
Now we’re talking:
$28–$31/share intrinsic value
Do you see the problem? Because I see MISPRICING.
CATALYSTS THAT MAKE THIS THING GO BOOM
You don’t need miracles. You just need execution.
Here’s what could push EZPW higher in 2026:
✅ Continued Latin America acquisitions
✅ Digital / omnichannel rollout
✅ Debt cleanup removing the overhang
✅ Gold staying elevated
✅ Earnings growth doing the talking
Even if gold cools off, this business still throws off cash.
This isn’t a meme stock.
This is a cash-generating machine with junk in the safe.
Most importantly, this stock is CHEAP.
To sum it up:
EZPW is:
✔ Boring
✔ Ugly
✔ Profitable
✔ Growing
✔ Undervalued
These are my FAVORITE kinds of stocks.
The market likes it enough to have it trading at its high but this high is just a future floor for something higher. The customers need it. The cash keeps coming.
I am HUGE.
Bring me your finest meats and cheeses.
$$$MR. MARKET$$$
www.mrmarketishuge.com