Monday, March 7, 2016

Seeking Alpha: Euronet's Multiple Moving Parts Still Moving Forward

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.

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Euronet's Multiple Moving Parts Still Moving Forward

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