It's been a challenging year for Global Payments (GPN) shareholders, as the stock has chopped around between $42 and $50 on a series of "yes, but..." quarters and uncertainties regarding the company's ability to overcome a past security breach, evolving dynamics in the payment industry, and growth challenges overseas.
Maybe this fiscal first quarter will bring closure to some of those questions. Certainly the stock has been on a good run from around the start of September, and the Street seems to be happy with the accelerated share repurchase that was announced with this earnings report. I continue to be more bullish than average on Global Payments, and believe there could still be upside into the mid-$60's...
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