Not a lot has changed about Heartland Payments (NYSE:HPY) over the last eight months. When I last wrote about Heartland,
I thought the company was a quality growth play on the increasingly
cash-less transaction market and was pursuing some quality growth
opportunities outside of merchant acquiring and payment processing. The
problem then and now is valuation; I thought Heartland was well-valued
in November and the market-lagging 1% appreciation since then doesn't
change my view. While I like Heartland as a low-teens grower over the
next decade, the valuation already seems to anticipate that.
Follow this link to the full article:
Heartland Payment Offers Increasingly Diversified Growth
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