MoneyGram International, Inc. (MGI)

LORDZPAIN (99.38) Submitted: 6/02/08 7:36 PM : Start Price: $2.53 MGI Score: -23.71

MoneyGram International, Inc. (MoneyGram) is a global payment services company that offers its products and services to consumers and businesses primarily through its network of agents and financial institution customers. The products and services it offers enable consumers to make payments and to transfer money around the world. The Company's business is conducted through its wholly owned subsidiary, Travelers Express Company, Inc. It conducts its business through two segments: Global Funds Transfer and Payment Systems. In October 2007, MoneyGram completed the acquisition of PropertyBridge, Inc., a provider of electronic payment processing services for the real estate management industry. As of December 31, 2007, MoneyGram operated 16 Company-owned retail stores or kiosks in France and 30 in Germany.

Okay, the price got me...
almost a lottery ticket, but if and when MGI gets its act back together, look for a nice company especially at this current low price.

Report this Post Replies: 0 | Reply