On December 7, 2022, David Kanen, who serves as President of Kanen Wealth Management, announced that he is writing a letter in response to EZCORP, Inc.'s news of convertible debt offering, and exhort the Company to rescind mmediately. David Kanen stated that the Company can fix a meaningful portion of its tenured history of epic underperformance by making simple changes: firstly, the Company must immediately suspend its offering of 2029 convertible notes. And instead spend the coming weeks/months pursuing non-convertible debt for ~$150M and seek to avoid significant dilution to shareholders.

After obtaining ~$150M in non-dilutive debt, the Company should retire most of its 2024 convertible notes and secondly, plan on $200M in total share repurchases over the next 5 years – but only if the stock continues to trade at an extremely cheap EV/EBITDA valuation.