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    Antonio Gonzalez

    Research Analyst at Credit Suisse

    Antonio Gonzalez's questions to FirstCash Holdings (FCFS) leadership

    Antonio Gonzalez's questions to FirstCash Holdings (FCFS) leadership • Q1 2016

    Question

    Antonio Gonzalez of Credit Suisse asked about potential limitations to accelerating growth in Latin America, whether the U.S. integration could disrupt these plans, and how the company is preparing to potentially exceed its historical pace of 60 store openings per year.

    Answer

    Chairman and CEO Rick Wessel stated there are no limitations, citing a deep talent pool in Mexico ready for expansion, and expects to accelerate beyond 60 annual store openings. He, along with Cash America CEO Brent Stuart and CFO Doug Orr, emphasized that Mexico's operations are self-funding with significant cash on hand, while the combined U.S. cash flow will support dividends and buybacks, ensuring no interruption to Latin American growth plans.

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    Antonio Gonzalez's questions to FirstCash Holdings (FCFS) leadership • Q1 2016

    Question

    Antonio Gonzalez from Credit Suisse asked about potential limitations to accelerating growth in Latin America, whether the U.S. integration could be a distraction, and how the company plans to grow beyond 60 new stores per year.

    Answer

    Chairman and CEO Rick Wessel stated there are no limitations, citing a deep talent pool in Mexico, and expects to accelerate store openings. He noted Mexico's operations are self-funding with about $50 million available. President and CEO Brent Stuart added that strong U.S. cash flow will cover dividends, freeing up Latin American cash for reinvestment. EVP and CFO Doug Orr also mentioned the combined company has the firepower for opportunistic acquisitions.

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