DGSE Companies Inc (fka DGSE)

[momentum74]

$DGSE 2.80 ,35 stores rolling out 90 day interest free financing.

This will boost sales. Rising silver/gold/platinum prices will increase profitability as well.

Pasted from the cc call last week.
"First, we have launched the test of our third-party credit source. This credit source offers the variety of financing plans including 90-day no interest. It will make it easier for customers to buy our product."
Related Q/A pasted from cc call

Chris Doucet - Doucet Asset Management
Hey, guys. Good afternoon. Just one quick comment and then just a couple of questions. First of all, congratulations on a breakeven EBITDA quarter in light of the financial conditions and your seasonally adjusted worst quarter, I think your performance was actually pretty abnormal.

Jim Vierling - Chairman, President and CEO
Thank you.

Chris Doucet - Doucet Asset Management
Couple of questions. You mentioned in your comments and this is the first time I have heard you mention this a third-party consumer financing program that you are going to be testing. Can you give us a little bit more detail on that?

Brett Burford - Chief Financial Officer
"Yeah. We’ve never done any type of financing for our customers in the past. We had laid away which helps them buy nice pieces of jewelry that are a little bit more expensive, but we never offered financing. So, we went out and did some research on several different companies.

And we found a company that offers several different ways to finance it, but one of the thing that really caught our eye is the 90-days basically seamless cash and no interest. And we feel like this could help especially in some of the smaller markets where people don’t have the liquidity to fork out a breed of $10,000 at one time and we feel like we could really help boost our sales."

It is having breakout above the 50 day sma http://finviz.com/quote.ashx?t=dgse