This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cash America International Management Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: CSH

Now obviously no one's got a crystal ball, but it is our board's current judgment that the volatility in the IPO market is not likely to abate anytime soon, particularly given the ongoing turmoil in the European Union and the uncertainties about U.S. fiscal and tax policy following the elections in November. Now, as clearly, the board has concluded that we should withdraw the registration statement at this time, which will allow management to freely and to openly and transparently communicate about our entire business. We will also be resuming our practice of providing earnings guidance, which Tom will discuss in his remarks.

The registration statement was not yet to be declared effective by the SEC and no securities were sold, pursuant to the registration statement. Not -- Enova filed this application for withdrawal of the registration statement with the SEC after the market closed yesterday afternoon.

At this point, I can tell you that our board is very happy continuing to operate Enova as a wholly owned sub of Cash America International. This e-commerce segment of our business continues to grow at very impressive rates as it expands internationally and deploys innovative new consumer credit products in the U.S., and we all continue to believe the business has an exciting future.

Now we did acknowledge in the original registration statement that we wanted to establish a market value of Enova that was independent from the market value of Cash America's common stock and provide Enova the opportunity to focus singularly on its business strategies while the balance of the Cash America organization focus on its strategy of expanding the storefront business of our retail services segment. And while this objective may still remain valid, I can confirm you -- confirm for you that we have never been irrevocably committed to the carve-out of Enova. However, we are committed to doing what is in the best interest of our shareholders. And we will continue to assess the viability of a potential carve-out in the future as part of the capital planning and market assessment reviews that we do on a routine basis.

3 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs