EZCORP (EZPW) Slammed as Wall Street Questions Leadership Changes

EZCORP, Inc. (NASDAQ: EZPW) is under heavy pressure early as investors react to Friday's surprise leadership change. As noted earlier, analyst have been negative on the move saying it is a step backward in corporate governance.

FBR Capital's Bob Ramsey said "Ironically, Mr. Given commented that the move is a step to "strengthen corporate and regulatory governance." However, we view the move as a clear step backwards from recent positive corporate governance steps. The changes will likely come with a hefty severance cost and makes it clear to us that the company's priorities are with Phillip Cohen, not common shareholders."

Shares last traded at $10.11, down 9.1%.

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