INTL FCStone (NASDAQ:INTL) is undervalued given its leading market share across a wide range of niche markets as a result of a successful roll-up acquisition strategy. An over-emphasis on the short-term negative effects of high profile brokerage scandals and increasing regulation provides long-term investors an attractive entry point.
INTL provides execution and advisory services in commodities, currencies and international securities to more than 20,000 customers in more than 100 countries through a network of offices in 12 countries around the world.
The five operating segments include:
Commodity and risk management services. This segment provides commodity risk management consulting services such as hedging through exchange-traded futures and options as well as OTC products.