Overlooked Alpha

Overlooked Alpha

Recent Sell-Off May Be a Golden Buying Opportunity For This Lesser Known Stock

Overlooked Alpha
Jun 30, 2024
∙ Paid

💡 Highlights:

  • This nationwide pawn shop operator has provided double-digit returns for decades — yet the stock has sold off more than 20% over a couple of months.

  • Investors sold shares after a first quarter report that looks fine on its face; a June sell-off seems sparked by an overreaction to a pair of external catalysts.

  • At under 17x earnings, valuation is more than reasonable, with macroeconomic factors now turning in the company’s favor.

  • At this price, there’s a clear path for the stock to return to double-digit gains.


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