Potential Profits from Pawn Shop Stocks
Last weekend, I saw an unusual sight. I pulled into the lot of a small mall in Northern Arizona. I was on a mission. When I got out of the car, I saw people sitting in a Ford Explorer next to me. They were taking boxes and a guitar out of their car. These items were then taken to the store. It's so strange. People carrying boxes out of stores are something I am used to, but not inside. The constant stream of people next to me was what really baffled me. I wasn't the only one who noticed those parked next to me. Three other people were doing the exact same thing. Returns It was obvious that they weren't returning unwanted or defective items. I was witnessing the local pawnshop in action. The pawn shop is just like a local bank. They offer cash loans to individuals and make a profit through the interest and fees they charge. They are a type of financial institution, similar to Citibank and Bank of America. Pawn shops earn their living by lending money to people. You haven...