AEA: It's a bad time to be a predatory lender

The followng was taken from their latest 10-Q filing.. "During the last few years, legislation that prohibits or severely restricts payday cash advances and similar services has been introduced or adopted in a number of states, and we expect that trend to continue in other states for the foreseeable future. For example, legislation has been adopted recently in Virginia and New Hampshire that will require us to change our product offerings. If we are able to develop legally-viable alternative products, we will likely incur a reduction in our revenues and profitability in those states. Further, legislation permitting payday cash advances in certain states, such as Arizona, is scheduled to expire over the next few years. This legislation may not be renewed or could be modified in a manner that effects our operations negatively. At any point in time, we are refining our product offerings and developing new products or business models to address recent or anticipated legislative and regulatory changes. Some of these legislative and regulatory changes may result in our discontinuing operations in a state, while other changes may result in less significant short- or long-term changes, interruptions in revenues, and lower operating margins. Until and unless we are able to develop legally-viable alternative products, we generally cannot estimate in advance the actual effect of operational changes we make in response to legislative and regulatory changes." It's a shrinking business model that's under pressure and wont survive. You might be able to trade it on interest rate news but the headwinds here are strong and building. Old Wall Street saying...."2 dollar stocks have a way of becoming dollar stocks"