Euronet Worldwide (NASDAQ:EEFT)
is an odd collection of businesses, but it's a collection that seems to
work - in part, at least, because it's a business built around
collecting a small piece of transactions from what I would generally
consider to be convenience services. This isn't a flawless business, but
Euronet seems to have found its niche and it's one that I think can
continue to support a respectable level of growth.
I thought the shares were a little undervalued last time around,
and the stock is up a little more than 10% then. Once again, the shares
look a little undervalued to me, with that valuation predicated on a
long-term slowdown in revenue growth to the mid-single digits. Given the
opportunities the company has to expand its ATM network, its ePay
business, and its money transfer operations, this could be an
interesting name to watch/own for some time.
Click here for more:
Euronet's Multiple Moving Parts Still Moving Forward
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