Net 1 Ueps Technologies, Inc. (NASDAQ:UEPS)
CAPS Rating:
The Company provides universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies.
The Company provides universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies.
Recs
After backing out 300 million in cash, it has aPE of 2.5 --> 6If people really use this, then chances are that the government is not going to get rid of them, though profits may decline. At a PE of 2 though, I think there is room for error, and with 300 mill. in cash, they almost have enough to start over in another country.