Cash Store Financial Services Inc CSFS

2'nd Hand Info

[ontchurp]

2'nd hand but from a good source.
We have 4 potential buyers.  
They are looking at the "whole package".
That means r/m's, managers and even a possible recall of fcsrs.
Probably close out a few non-profit offices.
Have not heard anything about the Title Stores.

It would be nice if this site would just post info even if 2'nd hand and stop the b-s that has been posted over the last week.

[ontchurp]

earlier somebody posted 7/11 as the date the buyers had.  May be right but I think the date is July 18.

[Renterab]

I mentioned it in a post. I was just going off court documents from the FTI site.

[ontchurp]

you are prob right.  My eyes close reading the reports.  With nothing to do, the days are very long and borring.  :)

[patchi]

Sorry for my ignorance but what is there to buy? I only see a flawed business plan and I don't think "The Cash Store" or "Instaloans" holds much goodwill value. They don't even have valid licences in Onatrio!

[Cashhhhstore911]

I do agree partially but remember most of the branches have been there for a long time and customers already know about them and each location has a customer list for which others will pay thousands. Instead of starting a new business from scratch, its a good way to get into this industry as there are location already operating and a system is in place. Also, they must be getting it for cheap &

[regionalretreat]

So are you suggesting, then, that Mystery Buyer X will buy CSFS, then wholly rebrand the Ontario locations - meaning new signage and interiors - and then apply for a new license? Seems wasteful to buy a company and then, in the country's biggest market, essentially start a whole new company. It's especially unlikely, as any buyer would likely be put off by CSFS's lack of security