Thursday, January 10, 2013

Investopedia: Global Payments Looks Too Cheap Today

Merchant processing firms such as Global Payments (NYSE:GPN) run relatively simple businesses - a customer swipes a card at a store, Global Payments sees that the money goes where it needs to between the banks, and it takes its cut. While there's ample competition to sign up (and retain) merchants and data breaches are an ever-present threat, these can be very profitable businesses with good returns on capital. In the case of Global Payments in particular, this not only looks like a profitable, growing business, but it's also one with an undemanding valuation and good global growth prospects.

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