Cash America International, Inc. Q3 2008 Earnings Call Transcript

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Question-and-Answer Session

Operator

(Operator Instructions) Our first question comes from Dennis Telzrow – Stephens, Inc.

Dennis Telzrow – Stephens, Inc.

I don’t know if you’ll mention more on Mexico but in that $90 million to $95 million acquisition costs is there also any debt being assumed?

Daniel R. Feehan

No.

Thomas A. Bessant, Jr.

No. Basically it’s we acquire the debt through the transaction.

Dennis Telzrow – Stephens, Inc.

So there is debt on their balance sheet?

Thomas A. Bessant, Jr.

Today there is, yes.

Dennis Telzrow – Stephens, Inc.

I think Dan mentioned I guess as part of the funding question for Mexico we also have, at least on the balance sheet it’s $69 million for the last cash net earn out. So is that going to be paid all in cash or is that going out in stock?

Daniel R. Feehan

We haven’t made that determination yet Dennis. That payment is due on November 15^th. As I indicated in my comments we’re working on financing alternatives for the Prenda Facil transaction so we have not made a final determination of exactly what we will use in the final payment to cash net.

Operator

Our next question comes from Richard B. Shane – Jefferies & Co.

Richard B. Shane – Jefferies & Co.

This may in fact Dan fall in to the category of trying to predict gold prices, as part of your lobbying efforts in Ohio have you done any polling? And, what has the polling data in Ohio suggesting at this point on a referendum.

Daniel R. Feehan

We have been extraordinary active in this activity. I’ve been personally spending a fair amount of my time associated with the activity in Ohio and the committee that is managing the referendum effort which is a committee of industry participants including Cash America has been doing polling on a weekly basis since early August. I’m not going to predict the outcome.

Quite frankly, this referendum is very difficult to predict. All I can tell you is that the polling has improved since early August. But, I think it is very, very difficult to predict the outcome of the referendum effort. I would tell you this, I am absolutely confident that the industry has done everything within its power and has dedicated the right amount of time, energy, effort and money to make this a success. While I’m optimistic, it’s really impossible for me to predict the outcome.

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