The Company is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States.
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Companies outsource to CASS, kind of like ADP but instead of payroll, it is for a smaller niche: freight, utilities, and telecom expenses. Leading supplier of these services to Fortune 500 companies. They have a conservative banking arm, which weathered the financial crisis without a scratch. Steady increases to net income and dividends. Decent insider ownership, relatively low institutional ownership. This is a tortoise stock that will outrun most of the hares. Sit back as a fuddy duddy buy-and-hold investor and let CASS quietly outperform.