Strong quarter for Cash Store

Article Excerpt

CASH STORE FINANCIAL SERVICES INC. $14.81 (Toronto symbol CSF; SI Rating: Speculative) (780-408-5110; www.csfinancial.ca; Shares outstanding: 17.1 million; Market cap: $253.0 million; Dividend yield: 2.8%) earned $0.44 a share in the three months ended September 30, 2010. That’s up 29.4% from $0.34 a share a year earlier. Revenue rose 19.5%, to $49.8 million from $41.6 million. Cash Store Financial operates 544 stores under two banners: The Cash Store and Instaloans. Both stores offer consumer payday loans (advances on upcoming paycheques). The company continues to benefit from steady growth in the profitable niche market of payday advance loans. Cash Store Financial is still a buy. buy…

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