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Provides consumers with affordable, reliable and convenient payment services.
Moneygrams business model is outdated and management has not kept up with the times. It is so easy in todays world to move money around with out MGI's help, so they either need to expand into other areas or die. I am a long time holder of MGI from the Dial to Viad now to MGI days. I sure hope it would out perform but I'm not counting on it after doing reserch on management, so it is just sitting and rotting in my portfolio, waiting for the time when I need a write off, yes I rode it all the way down from the mid $30's. I saw it in the mid $20 and didn't think much of it and the next thing I know it's below $5. Ev
Money gram serves the immigrant AND THE POOR in the US ,mexico,china, India and Canada are their main focus and thats where they are expanding.i am using moneygram because of easy access to send money in remote part of the world why stand in line when you can send money from grocery stores post offices or even banks.I can see moneygram stock trading at $10 in bull market 3 year from now.GOOD TIME A HEAD.
Bad management maybe but immigrants around the world who cash checks and transfer money to relatives need places like moneygram walk in service. Moneygram has the outlets and the business will slowly recover and go up. Look at all the check cashing places going up all over in major US cities! --no bank account, use moneygram-- should be their slogan.
absolutely agree, just bought at 2.05, mgi is now 80% of my holdings, and looking to add on a dip, although already up 5%, 5 dollar stock by the end of the year, tust me it is time to jump in, also take a look at etfc, adding accounts each month and improving on bad loans, thats a double as well
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