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Corp. What's with those lousy margins -- 5%, compared with 8% and 12% for its competitors? Compare its income statement with those of First Cash and Cash America. What you see is that EZ Corp has 50% more total revenue than First Cash does, but its cost of revenue is 100% higher. In addition, EZ Corp has a problem keeping operating costs under control. Bill Mann
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those unable to qualify for conventional mortgages. In Massachusetts, subprime loans, fueled by refinancings, have grown from 1.6 percent of mortgages in 2000 to 12.3 percent today.
- shows the ratio of total home real estate valuation to total disposable (after-tax) personal income, complied by Ian Morris, an analyst at HSBC Securities. It now has reached 1.62, its highest level in this 50-year series. However, the cost of a home becomes even worse, when the mortgage interest costs are figured in, which will be examined shortly below.
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