Payment technology developer VeriFone (PAY)
still has work to do in turning around actual reported growth numbers,
but the market has fully re-embraced this stock as a growth story in the
payments technology space. Rival Ingenico (OTCPK:INGIY)
still appears to be growing faster and gaining share, but VeriFone
seems to be getting its legs back underneath it and fixing the problems
that hammered the company (and the stock) from early 2012 through
mid-2013. Value investors are going to have a hard time with this one,
but the EBITDA multiple does not seem out of line with near-term growth
prospects.
Read more here:
VeriFone Firmly Back In The Good Graces Of Growth Investors
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