Cramer on tonight’s MAD MONEY said that the blowup in sub-prime might actually create a boom for pawn brokers. Hmm, this sound familiar……. I posted a 15 SECOND LINE DEFENSIVE STOCKS last week and Cash America (CSH-NYSE) was the one I noted as the beneficiary there.
Cramer thinks the first way to play lower-income not being able to borrow is via pawn shops. He likes Cash America (CSH) as his pick…..hmm, sounds familiar. CSH traded up 2% atfer Cramer touted this one. Payday cash advances are another way to play these, even if the rates are super-high. The best play according to him here is Advance America (AEA). Cramer said that some states have been trying to limit these and there has been pressure to stop the regulation from teh people that need to borrow. AEA traded up 3% after Cramer touted this one.
Jon C. Ogg
March 8, 2007