Philip Morris IV Posted June 16, 2013 Share Posted June 16, 2013 Anyone looking at VeriFone now? They released poor numbers and guidance earlier this month, pushing the stock down to late-2009 prices. Been on my watchlist but haven't looked into them. On the surface, the good is they are a valuable link in the growing payment industry. The bad is that their piece of this pie is commoditized. Their brand, reputation and history is good and may partially offset the low switching costs. They recently booted their CEO and have an interim while on the hunt for a new one. M&A is a big part of their growth strategy, so hopefully they haven't overpaid. At the $15-16 level they appear depressed, and the appreciation potential looks attractive back to its $30-50 levels. Link to comment Share on other sites More sharing options...
BargainValueHunter Posted June 17, 2013 Share Posted June 17, 2013 https://squareup.com/ Link to comment Share on other sites More sharing options...
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