Dollar Financial Corp. Reports Operating Results (10-K)

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Aug 31, 2010
Dollar Financial Corp. (DLLR, Financial) filed Annual Report for the period ended 2010-06-30.

Dollar Financial Corp. has a market cap of $464.3 million; its shares were traded at around $19.08 with a P/E ratio of 9.6 and P/S ratio of 0.9. DLLR is in the portfolios of Jim Simons of Renaissance Technologies LLC.

Highlight of Business Operations:

As of December 31, 2009, 24,228,074 shares of the registrants common stock, par value $0.001 per share, were outstanding. As of such date the aggregate market value of voting stock (based upon the last reported sales price in The Nasdaq Global Select Market) held by non-affiliates of the registrant was approximately $572,751,669. As of July 31, 2010, the number of shares of the Common Stock outstanding was 24,360,615.

Through our 76% controlling interest in Optima, S.A. (Optima), an established installment consumer lending business, we offer relatively longer-term consumer installment loans with terms of approximately 40-50 weeks in duration with an average loan amount of $250 to $500. These loans include an in-home servicing feature. Customer sales and service activities are managed through an extensive network of local commission based representatives across seven provinces in Poland. Poland has a population of nearly 40 million people, with a significant percentage of the population currently underserved by the traditional banking industry. Our investment in Optima represents a planned first step into mainland Europe which we believe will also provide a platform for further expansion throughout Poland and other Eastern European countries. The demographics of neighboring Eastern European countries are similar to that of Poland, with the entire population of Eastern Europe approaching 200 million people across several countries, with a significant percentage of the population residing in urban-industrial areas.

their respective local communities. During fiscal 2010 our global business units contributed approximately $1.0 million in charitable contributions, including over $0.3 million to the Haiti earthquake relief effort and over $0.5 million to various childrens health and welfare organizations.

We originate unsecured, single-payment short-term consumer loans at most of our retail financial service locations in Canada, the United Kingdom and the United States. We bear the entire risk of loss related to these loans. We originated approximately $1.7 billion of single-payment, short-term consumer loans during fiscal 2009 and approximately $1.8 billion during fiscal 2010.

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