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What: Shares of EZCORP (NASDAQ:EZPW), a specialty financial services provider that operates pawn stores, as well as payday advance and loan locations, tumbled as much as 12% after the company reported disappointing second-quarter earnings results.

So what: For the quarter, EZCORP delivered total revenue of $260 million, down 3% year over year. The company attributed this drop to a sizable decline in gold scrapping due to the year-over-year drop in spot gold prices. Partially counteracting this weakness was strength in jewelry sales, which rose 27% on a same-store basis in the U.S., and consumer loan fee growth in the U.S. and Mexico. Adjusted profit for the quarter totaled $8 million, or $0.36 per share. By comparison, Wall Street had been expecting $263.3 million in net revenue and $0.38 per share. This marks EZCORP's fourth-straight EPS miss.

Now what: On one hand, earnings misses are getting to be so commonplace for shareholders in EZCORP that you'd think Wall Street and investors would have tempered their expectations by now. Moving back even further than a year, EZCORP has only managed to surpass Wall Street's projections in only two of the past 10 quarters. On the other hand, money lending and pawn brokering are two very high margin businesses that tend to perform well over the long run. With a single-digit forward P/E, and what I believe to be strong growth prospects in Mexico, I would suggest financially savvy and more risk-willing investors dive a bit deeper into EZCORP, as there could be impressive long-term value here waiting to be unlocked.

Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.

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