Total System Services
There's a large swatch of the country that doesn't use banks. These people are a huge market, and The New Yorker recently highlighted why you should be looking for opportunities in the space.
One of the big blocs that don't use banks are illegal immigrants. This fact has given the space a bad name. However, it isn't only illegal immigrants that avoid banks. Anyone more »
James Barrow has been quite a successful investor, delivering an annualized return of 4.1%, beating the S&P 500’s annualized gain of only 1.5% in the past five years. He is currently managing around $55.5 billion, with a diversified portfolio of 159 stocks.
In a previous article I talked about one of his new buys, Delphi Automotive. In this article, I will cover three more companies more »
As a nation, we are currently in the midst of remarkable changes in the utilization of payment instruments. Electronic payment in the form of prepaid debit and stored value cards is currently the fastest growing niche in the financial sector. In fact, the number of prepaid card payments increased by 22 percent per year from 2006 through 2009. According to the Mercator Advisory Group, the amount of money placed on more »
Global Cash Access (NYSE: GCA) trades at a forward P/E of 9 and an EV/EBITDA of 6, despite boasting of an excellent track record of positive free cash flow in every single year for the last decade. However, its undervaluation is justified when compared with its similarly cash flow rich peers, who have achieved better ROAs than Global Cash Access.
In addition, loss of a few customers in more »
The merger agreement between Total System Services (NYSE: TSS) and NetSpend Holdings (NASDAQ: NTSP) shows that serving the underbanked population is heating up. Investors should keep an eye on the niche area.
Total Systems Services is best thought of as the “man behind the curtain,” to quote from The Wizard of Oz. The company is the backbone on which other companies provide electronic payment services. It has a more »
The merger agreement between Total System Services (NYSE: TSS) and NetSpend Holdings (NASDAQ: NTSP) shows that serving the under banked population is heating up. Investors should keep an eye on the niche area.
Total Systems Services is best thought of as the “man behind the curtain,” to quote from The Wizard of Oz. The company is the backbone on which other companies provide electronic payment services. It has more »
Recently, Total System Services (NYSE: TSS) announced that it would buy NetSpend Holdings (NASDAQ: NTSP) at about $16 per share, with a total transaction value of $1.4 billion. The offering price represented a 26% premium on NetSpend’s closing price last Monday. Is $16 per share price tag fair for NetSpend’s shareholders? Is Total System a buy after this deal? Let’s find out.
NetSpend and Total System more »
Listed in March 2012, Vantiv (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. It was a business unit of Fifth Third Bank until June 2009 more »
After last writing about Green Dot (NYSE: GDOT) as a potential winning stock based on the new mobile banking platform, the stock has crept higher. The leading independent prepaid card provider for the underbanked got a boost on Tuesday after TSYS (NYSE: TSS) agreed to buy NetSpend (NASDAQ: NTSP) for $1.4 billion.
Considering Green Dot is the leader in the sector though only worth $540 million, investors should consider more »
Fiserv (NASDAQ: FISV) provides a long list of technology solutions to clients in the financial sector, including transaction processing, electronic bill payment and presentment, business process outsourcing, document distribution services, and much more. Based on recent news surrounding Fiserv, I believe it is attempting to build itself out as a significant consulting and payment processing juggernaut. Let me explain.
Acquisitions have been key to Fiserv's success so far more »