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Euronet: Profits from ATMs
11/18/2014 10:00 am EST
Our latest recommended company served clients in more than 150 countries and processed $62 billion ATM transactions and money transfers last year, notes Nicholas Vardy, global expect and editor of the Bull Market Alert.
We have been familiar with Euronet Worldwide (EEFT) since its foundation is the unlikely location of Budapest, Hungary.
When it was launched in the early 1990s by a group of entrepreneurs from St. Louis, you’d have never thought that the company would become one of world’s leading providers of electronic payment solutions.
Euronet also operates about 665,000 airtime terminals for telecom companies and 19,808 ATMs around the globe.
The company recently posted strong Q3 results, with per-share earnings up 43% to $0.80, beating the consensus of $0.73.
Revenue rose 26% to $453 million, also beating expectations.
Analysts expect per share profits to surge 26% to $2.57 in 2014, with sales up 17%.
Euronet has a history of beating consensus estimates and the stock already is in a solid uptrend in 2014.
So, buy Euronet Worldwide at market today and place your stop at $44.00. If you want to play the options, I recommend the February 2015 $55 calls, which last traded at $3.10 and expire on February 20.
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