It's been a challenging year for Global Payments (GPN)
shareholders, as the stock has chopped around between $42 and $50 on a
series of "yes, but..." quarters and uncertainties regarding the
company's ability to overcome a past security breach, evolving dynamics
in the payment industry, and growth challenges overseas.
Maybe
this fiscal first quarter will bring closure to some of those questions.
Certainly the stock has been on a good run from around the start of
September, and the Street seems to be happy with the accelerated share
repurchase that was announced with this earnings report. I continue to
be more bullish than average on Global Payments, and believe there could
still be upside into the mid-$60's on ongoing growth in international
markets.
Read the full article here:
A Clean Quarter Does Wonders For Global Payments
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