Something is going on with
VeriFone (NYSE:
PAY),
and it's not good. Not only is the stock well off its highs, but
whatever momentum that the company had gained since its fiscal third
quarter miss is likely to evaporate with another miss. Although I don't
think VeriFone is a fundamentally flawed business, it may well be
transitioning away from that phase of its corporate life where investors
look past almost any bad news in the pursuit of growth.
Please read more:
http://www.investopedia.com/stock-analysis/2012/VeriFone-Loses-The-Tailwind-Again-PAY-INTU-NCR-BKS1214.aspx
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