Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

VeriFone Firmly Back In The Good Graces Of Growth Investors

Payment technology developer VeriFone (NYSE:PAY) still has work to do in turning around actual reported growth numbers, but the market has fully re-embraced this stock as a growth story in the payments technology space. Rival Ingenico (OTCPK:INGIY) still appears to be growing faster and gaining share, but VeriFone seems to be getting its legs back underneath it and fixing the problems that hammered the company (and the stock) from early 2012 through mid-2013. Value investors are going to have a hard time with this one, but the EBITDA multiple does not seem out of line with near-term growth prospects.

Still Muddling, But Doing Better

VeriFone's results may not look so impressive on an absolute basis, but...

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