Euronet Worldwide Inc (NASDAQ:EEFT)
Electronic transaction processor, offering automated teller machine, point-of-sale and card outsourcing services; integrated electronic financial transaction and operates pan-European ATM network and the national private shared ATM network in India.
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The stock is fully valued right now and I expect it to lag the S&P 500. It is a solid company but I'd hold out for a cheaper price. See more here:
http://www.realdealstocks.com/keep-an-eye-on-euronet-worldwide/
Recs
I am betting on their founder and CEO (Mike Brown) who has a proven track record of startups that eventually sell for a tidy profit and makes money for his investors along the way. Also, a key competitor of Euronet has been severely weakened (i.e., Moneygram was thrown a lifeline by venture capitalist after their ill advised and crushing loss of their customers float via "investment" in subprime instruments). Euronet has also already taken a substantial writedown of Goodwill on previously purchased subsidiarys and this should enhance future returns on equity.
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On way back up
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Just way undervalued.
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Once Euronet is able to get costs under control with it's recent purchases, I believe it will began to deliver a good growth period for earnings.
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keep this one for about 3 months.
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Currently trading at 62% intrinsic value.
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India play means going higher IMO.
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The growing Indian middle class should help this one
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Call me crazy...
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Acquisition juts made this a $60 dollar stock... you just wait!
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Decline due to not meeting analyst guidance. Will overperform in the long term.
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ATM's in India! WOW
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