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Cash Store Financial Services Inc CSFS



NYSE:CSFS - Post by User

Comment by insightfultruthon Nov 05, 2012 12:08pm
318 Views
Post# 20563168

RE: Kevin Paetz

RE: Kevin Paetz

You have made a few very accurate points. No, he is not the savior of the company. He was a perceived short term fix for a problem that went far deeper than what leadership believed was the issue.  He was hired to bully the organization into shape, and develop a plan for strict cost control. Surely then the company would fall into a profitable position right? Not so. As you mentioned they are a one trick pony. Any attempt to diversify and/or become creative with their consumer offerings has failed.  This company does not have the leadership in place to take them to another level.  They are floundering and it will only get worse. 

One can discuss potential until they actually start getting people to believe it.  What have they actually executed on?  They run an ancient model as far as payday loans are concerned and are out of tune with the evolving needs of their consumer.  Stay tunes for more bad news.  Its coming. 

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