IRVINE, Calif., Jan. 12, 2010 (GLOBE NEWSWIRE) -- C. K. Cooper & Company, an independent, full-service investment bank headquartered in Irvine, Calif., announced today that it has initiated coverage of Cash America International Inc. (NYSE:CSH).
"We are initiating coverage on Cash America International Inc. with a BUY rating and a price target of $44.50. The company operates pawn and payday loan stores in the U.S. and Mexico and also offers payday loans over the internet in the U.S., U.K., Canada and Australia," said Isabel Sterk, Senior Research Analyst with C. K. Cooper & Company. "Through its ownership of 80% of the outstanding shares of a Mexico pawnshop chain, the company is expanding its operations in a market that we believe presents a tremendous opportunity for future growth. Mexico, and the rest of Latin America, has a large number of unbanked and underbanked citizens and relatively few pawnshops to serve them."
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