BNET Industries
Market Cap:$566.7M
Last Fiscal Year Sales:$333.5M
- Public
- US
Dow Jones Description
First Cash Financial Services, Inc. is a leading provider of specialty consumer financial services and related retail products. Its pawn stores make small loans secured by pledged personal property, retail pawned merchandise acquired through loan forfeitures and in certain locations provide short-term advances and credit services products. The Company's short-term advance locations provide various combinations of short-term advance products, check-cashing, credit services and other financial services products. First Cash also operates automobile dealerships and related financing operations focused exclusively on the "buy-here/pay-here" segment of the used vehicle market. The Company owns and operates approximately 400 stores and buy-here/pay-here dealerships in 13 U.S. states and 8 states in Mexico. In addition, First Cash is an equal partner in Cash & Go, Ltd., a joint venture, which owns and operates 40 check-cashing and financial services kiosks located inside convenience stores. First Cash was founded in 1988. Its stores are located in Texas, Arkansas, California, District of Columbia, Illinois, Maryland, Michigan, Missouri, Oklahoma, Oregon, South Carolina, Virginia, Washington and Mexico. The Company's principal executive offices are located in Arlington, Texas. First Cash has been recognized for five consecutive years by Forbes magazine as one of its "200 Best Small Companies". This annual ranking is based on a combination of profitability and growth performance...
Vice Chairman of The Board & Chief Executive Officer
Rick L. WesselNumber of Employees 3,800
Contact Information
690 E Lamar Blvd Ste 400
Arlington, Texas 76011-3864
(817) 460-3947
NAICS Code Used Merchandise Stores: 453310
Recent Events
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First Cash names 2 independent directors
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First Cash Financial FCFS Appoints Faulkner and Owen to Board of Directors
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UPDATE 2-First Cash Q3 beats Street, looks at pawn-only model
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Roth Capital Partners LLC maintains First Cash Financial Services at 'buy'
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Shares of First Cash Financial FCFS in Positive Territory as JMP Lifts to Market Perform
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First Cash Financial Services reports record quarterly net earnings
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First Cash profit up 42 percent, backs 2009 outlook
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First Cash Financial Reaffirms FY09 EPS View; Buys Two Pawnshops - Update
News & Analysis
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first cash financial services inc. - All News and Analysis
First Cash Financial: Strong Earnings
Zachary Scheidt submits: First Cash Financial Services FCFS reported earnings Tuesday morning and the stock responded by trading sharply higher. The strength certainly benefited the ZachStocks Growth Model which currently has a 4% position in the stock. ZachStocks published a positive article on FCFS earlier this...
First Cash's Business Model Should Keep It Going Strong
Zachary Scheidt submits: When times are tight and cash is hard to come by, companies who specialize in short-term loans to sub-prime borrowers can generate a lot of business. Such is the case with First Cash Financial Services, Inc. FCFS. The company operates 278 pawn stores and 182...
EZCORP: An Easy Investment in Economic Crisis
EZCORP EZPW is in the business of pawn shops and payday loans, or quote their own press release, “EZCORP is primarily a lender or provider of credit services to individuals who do not have cash resources or access to credit to meet their short-term cash needs”. Even when the...
Shareholders Come First with First Cash Financial Services
Warren Buffett always said that a company’s managers should have the ability to be candid with shareholders. They should report financial performance honestly, point out what went right and what went wrong. First Cash Financial Services FCFS has always been a strong performer in the payday loan and...
Despite Trying Times, First Cash Financial Soaring
Zignals submits: The doom-and-gloom has its boom in the shape of the pawn industry. Search for the term "pawn shop" enjoyed steady gains since 2007. The spikes in the search traffic - with the exception of the most recent spike - relate to criminal investigations. click to enlarge by...
/ CORRECTION - First Cash Financial Services, Inc. [FCFS] President & Vice Chairman to Ring The NASDAQ Stock Market Closing Bell
In the news release, "First Cash Financial Services, Inc. [FCFS] President & Vice Chairman to Ring The NASDAQ Stock Market Closing Bell," issued earlier today by NASDAQ, we are advised by the company that the contact phone number for Doug Orr, CFO, should be "817-505-3199" rather than "(817) 505-3142, (817)...
First Cash Financial Services, Inc. [FCFS] President & Vice Chairman to Ring The NASDAQ Stock Market Closing Bell
What: Rick Wessel, President & Vice Chairman of First Cash Financial Services, Inc. (NASDAQ: FCFS) will preside over the closing bell. First Cash is a leading provider of speciality consumer finance services. The Company owns and operates over 300 pawnshops and short-term advance stores in eleven U.S. states...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| R. Douglas Orr | Executive Vice President and Chief Financial Officer |
| Stephen Coffman | COO |
| John C. Powell | Senior Vice President & Director of Information Technology |
| John S. Powell | Senior Vice President & Director, Info Technology |
| Daniel O'Sullivan | Analyst |
| David Burtzlaff | Analyst |
| Elizabeth Pierce | Analyst |
| John Hecht | Analyst |
| John J. Rowan | Analyst |
| Rick B. Shane | Analyst |
| William Armstrong | Analyst |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Rick L. Wessel | Vice Chairman of The Board & Chief Executive Officer |
| Phillip E. Powell | Chairman of The Board |
| Joe R. Love | Board of Directors |
| Neil Irwin | Board of Directors |
| R. Neil Irwin | Board of Directors |
| Richard T. Burke | Board of Directors |
| Tara MacMahon | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Vice Chairman of The Board & Chief Executive Officer | Current |
| First Cash Financial Services, Inc. | Board of Directors | Former |
"R. Douglas Orr joined the Company in July 2002 as the Vice President of Finance. In January 2003, Mr. Orr was promoted to Chief Financial Officer and in December 2004 was promoted to Executive Vice President and Chief Financial Officer. In addition, Mr. Orr has served as Secretary and Treasurer since November 2006. Prior to joining the Company, Mr. Orr spent fourteen years at Ray & Berndtson, a global executive search firm, where he served in a variety of management and financial roles including Vice President of Financial Planning and Analysis, Vice President and Controller and Vice President of Knowledge. Prior to his employment at Ray & Berndtson, Mr. Orr spent four years in the Fort Worth office of Price Waterhouse LLP. "
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Executive Vice President and Chief Financial Officer | Current |
| First Cash Financial Services, Inc. | Board of Directors | Current |
| Ray & Berndtson | Former |
Stephen Coffman joined the Company in March 2008 as Chief Operating Officer. Previously, he served as president of Wasp Barcode Technologies, a retail-focused technology company based in the Dallas/Fort Worth area. Prior to his seven-year tenure with Wasp Barcode, Mr. Coffman served in senior management roles in the retail and manufacturing industries. Mr. Coffman launched his career as a business consultant with Deloitte & Touche, where he gained a strong background in operations, business planning, finance and other facets of management. He graduated from Texas A&M University in 1984.
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | COO | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Senior Vice President & Director of Information Technology | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Senior Vice President & Director, Info Technology | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Analyst | Current |
Phillip (Rick) E. Powell has served as a director of the Company since March 1990, served as President from March 1990 until May 1992, and has served as Chief Executive Officer from May 1992 until December 2004. Mr. Powell has been engaged in the financial services industry for over twenty-eight years.
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Chairman of The Board | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Board of Directors | Current |
Richard T. Burke, Sr., 60, was appointed as a director in September 2004. Mr. Burke is on the Board of Directors of UnitedHealth Group, of which he was chief executive officer until 1988. From 1995 until 2001, Mr. Burke was the ow...
| Organization | Position | Status |
|---|---|---|
| UnitedHealth Group Incorporated | Chairman | Current |
| Meritage Homes Corporation | Board of Directors | Current |
| First Cash Financial Services, Inc. | Board of Directors | Current |
| UnitedHealth Group Incorporated | Chief Executive Officer | Former |
| UnitedHealth Group Incorporated | Director | Former |
Tara U. MacMahon has served as a director of the Company since June 2001. Mrs. MacMahon is the founder and managing general partner of Tara Capital Management LP, an investment management and advisory firm. Mrs. MacMahon has twenty-three years experience in the financial services industry. Mrs. MacMahon holds an MBA from the Harvard University Graduate School of Business Administration.
| Organization | Position | Status |
|---|---|---|
| First Cash Financial Services, Inc. | Board of Directors | Current |
| Harvard University | MBA | Former |
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