What the h ell? 11 new 52-wk LOWS in S&P 500, incl: Disney $DIS ViacomCBS $VIAC Activision Blizzard $ATVI T-Mobile US $TMUS Bristol-Myers Squibb $BMY Cummins $CMI Citrix $CTXS PayPal $PYPL Western Union $WU FleetCor Tech $FLT MarketAxess $MKTX
Shorts have always been active on this stock for as long as I can remember. I strictly remember being ridiculed and disliked for comments like " I am buying more every 5 cents it goes bellow 2.3" . This doesn't make shorts dumb, they have their own interests we have ours. But this isn't the stock to short unfortunately (for them;) . Like I said may 13, 2019 'longs, history will show we are making the right decision'.
Today I can happily say it has. Furthermore, today September 15, I can say same thing why don't we talk about this in February?
As for now, like my other stocks I am going to go ghost on this account and will only answer questions from the new people getting in. For the rest of you- ignore the bs-.
P.S read this post from another thread, if you still want and see why I am so confident:
TWO years ago $MGI was at $17! There is nothing to say that it won't easily get there by the end of the year! Remember, $MGI revenue ($1.4B) $WU revenue ($5.6B). $MGI is 25% of $WU. Market cap $MGI $0.29B and $WU $9.5B today. That means that $MGI is generating 25% of $WU revenue but is only 3% of the market cap! Hmmmm......With $50M from Ripple, efficiencies in non-VisaDirect payments from $XRP.X, 1st to go live with Visa-Direct.....Can anyone tell me why $MGI would not be able to pay off the remainder of their debt AND continue to grow? Even if their Market cap is 25% of $WU that would make them a $2.3B company with a stock price of $49!
BTW, MGI transaction prices are current;y 500% CHEAPER THEN WESTERN UNION. NOW YOU TELL ME.
we are crushing any new fintech in terms of revenues and soon in EPS, and growing fast. Alex frustrated with sell side analysts for not recognizing the progress that company has made so far and given facts that those same analysts give competitors much higher multiples despite their growth slowing and moneygram's accelerating, think they miss the fact that prey becomes a predator and can not only fight back but to take their projected digital share.
for a comparison, $MGI trades at 4.5 multiple to EBIDTA, has $815M debt $WU trades at 7. multiple to EBIDTA, has $4B in debt. $WISE trades at x23 multiple to revenue, 0 debt? $remitly has $5B valuation (could not find their metrics)
Global money transfer market is $600B estimated, plenty of room for MGI to grow their digital business as 60-70% of that market is still legacy walk in.
interesting in the new financial report Western Union has set aside 2 and 1/2 to 3 billion dollars for acquisition.. they need to get this done it is important for both of their survival $mgi very important hint from $wu 2Q financial report “Anticipate approximately $2.5 – $3 billion in dividends and share repurchases (if no significant M&A” Allocation Priorities 1)M&A 2)Repurchases very strong signal that @WesternUnion is acquiring @MoneyGram
Few more for you: 1) $WU is shopping, looking to acquire weaker rivals, with a goal of a) synergy & b) digital strategy 2) Last time (2015?) there was a rumor of a buyout by $WU, and they quickly came out with a denial, not this time though.
You guys must use the wrong Moneygram or something. $MGI is way cheaper than $WU
Calculated on June 24, 2020: . MGI: 500 CAD is equal to 284 pounds with $5 fee.
WU : 500 CAD is equal to 272 pounds with minimum $7 -up too $15 fee. So if one went with WU you would lose on $12 pounds ($21) and spend 2-7 more on fees for the same $500 CAD.
Meaning for every 500 CAD sent to UK, you save $23-30 sending through MGI rather than WU. mgi is KING.
this whole move by $wu into $mgi play turf at $wmt is a classic move by an acquirer pushing the target to accept their terms. It's a fake, they are not gonna make any money on it. And Alex won't buckle, they will out compete $WU.
Seen this many times on other M&A. Almost never works and the acquirer will have to pay fare market price + premium.
Cmon Ersek, announce your move already, Alex called your bluff.
The case is in the fundamentals. There's increasing competition in the financial payments market. Lots of small companies have entered the space and margins must be hurting. All you have to do is observe. Immigrants who send money overseas have MANY MORE options today than 5 years ago and those options tend to be cheaper.
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11 new 52-wk LOWS in S&P 500, incl:
Disney $DIS
ViacomCBS $VIAC
Activision Blizzard $ATVI
T-Mobile US $TMUS
Bristol-Myers Squibb $BMY
Cummins $CMI
Citrix $CTXS
PayPal $PYPL
Western Union $WU
FleetCor Tech $FLT
MarketAxess $MKTX
Today I can happily say it has. Furthermore, today September 15, I can say same thing why don't we talk about this in February?
As for now, like my other stocks I am going to go ghost on this account and will only answer questions from the new people getting in. For the rest of you- ignore the bs-.
P.S read this post from another thread, if you still want and see why I am so confident:
TWO years ago $MGI was at $17! There is nothing to say that it won't easily get there by the end of the year! Remember, $MGI revenue ($1.4B) $WU revenue ($5.6B). $MGI is 25% of $WU. Market cap $MGI $0.29B and $WU $9.5B today. That means that $MGI is generating 25% of $WU revenue but is only 3% of the market cap! Hmmmm......With $50M from Ripple, efficiencies in non-VisaDirect payments from $XRP.X, 1st to go live with Visa-Direct.....Can anyone tell me why $MGI would not be able to pay off the remainder of their debt AND continue to grow? Even if their Market cap is 25% of $WU that would make them a $2.3B company with a stock price of $49!
BTW, MGI transaction prices are current;y 500% CHEAPER THEN WESTERN UNION. NOW YOU TELL ME.
Peace out.
for a comparison,
$MGI trades at 4.5 multiple to EBIDTA, has $815M debt
$WU trades at 7. multiple to EBIDTA, has $4B in debt.
$WISE trades at x23 multiple to revenue, 0 debt?
$remitly has $5B valuation (could not find their metrics)
Global money transfer market is $600B estimated, plenty of room for MGI to grow their digital business as 60-70% of that market is still legacy walk in.
$mgi very important hint from $wu 2Q financial report “Anticipate approximately $2.5 – $3 billion in dividends and share repurchases (if no significant M&A” Allocation Priorities
1)M&A 2)Repurchases very strong signal that @WesternUnion is acquiring @MoneyGram
1) $WU is shopping, looking to acquire weaker rivals, with a goal of a) synergy & b) digital strategy
2) Last time (2015?) there was a rumor of a buyout by $WU, and they quickly came out with a denial, not this time though.
Western Union +2% after BofA points to upside https://seekingalpha.com/news/3614037?source=ansh $WU
$MGI is way cheaper than $WU
Calculated on June 24, 2020:
.
MGI: 500 CAD is equal to 284 pounds with $5 fee.
WU : 500 CAD is equal to 272 pounds with minimum $7 -up too $15 fee. So if one went with WU you would lose on $12 pounds ($21) and spend 2-7 more on fees for the same $500 CAD.
Meaning for every 500 CAD sent to UK, you save $23-30 sending through MGI rather than WU. mgi is KING.
undervalued this company is. But you already knew that.
Ersek, I am ready for your offer. Don't cheap out, and don't miss out on an opportunity.
Seen this many times on other M&A. Almost never works and the acquirer will have to pay fare market price + premium.
Cmon Ersek, announce your move already, Alex called your bluff.
than repurchasing shares / paying dividends imho.
The case is in the fundamentals. There's increasing competition in the financial payments market. Lots of small companies have entered the space and margins must be hurting. All you have to do is observe. Immigrants who send money overseas have MANY MORE options today than 5 years ago and those options tend to be cheaper.
Same trends are hurting AXP too.